Wednesday, 20 March 2013 13:50

How much can I save?

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A little now makes a big difference later- the golden rule is to invest the most you can afford, and the earlier you start the better. Even a modest amount saved now can make a big difference later.

You get tax relief on everything you put away, up to 100% of your annual earnings (and also subject to an upper annual allowance of £50,000*).

Even if you're not earning you can still pay into your personal pension, and get tax relief on up to £2,880 of contributions each year.

*Please note, you don't get tax relief on payments above £50,000, in fact you will be taxed on them. If you have unused allowance from previous tax years, you may be able to pay in more than this. To find out more, please see Questions & Answers. Also remember, 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.

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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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