01.03.2022

Pre Tax Year end planning Tip 5

Pre Tax Year end planning Tip 5

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Pay into a pension scheme

  1.  Contributions to your employer's pension scheme (including any additional voluntary contributions you make) can be made from your gross pay, before any tax is charged.
  2. The government will top up your pension with tax relief, giving you a free bonus for saving for retirement.

Did you know 

  • One of the biggest advantages of pension saving is that you can pay into a pension to reduce tax. All the money you pay into a pension qualifies for tax relief, which provides an instant boost to your savings and helps the fund to grow faster than other kinds of investment

Next planning tip pending... 

  • annual allowance
  • tax year planning
  • Pension contribution
  • Tax Relief

I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…

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