Wednesday, 20 March 2013 09:43


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A personal pension is simply a way of saving money for your future retirement.

Pensions have one very important advantage - they're incentivised by the taxman. In fact, the taxman is very generous when it comes to personal pensions, adding to your pension every time you pay money in.
Every £80 you pay in is topped up to £100, giving your savings an immediate boost of 25%. And higher rate taxpayers can get even more.
Plus, on top of the tax relief you receive each time you pay into your pension, the money you've saved grows virtually tax free over the years*.
Please remember future governments may increase or decrease the amount of tax relief you get.

*There's a tax on dividend income from UK shares which pension funds aren't able to reclaim. Please note, this information is based on our current understanding of taxation law and HM Revenue & Customs practice in the UK. The amount of tax relief you receive depends on your personal circumstances and may change.

Read 26967 times Last modified on Wednesday, 20 March 2013 15:11

*Please note we have updated our email address and trading style to LenRose Wealth Management but still under Active Financial Partners Ltd and part of the Harwood Wealth Management Group PLC.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

Jonathan Hales

Independant Financial Advisor

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T: 01795 477744

M: 07886 516087