Pensions are an incredibly tax efficient and useful tool to help you build wealth. While their main purpose is to help you fund for a comfortable retirement, they are used as part of many other investment strategies.
The flexibility offered under todays legislation means that not only do they offer you the opportunity to recover significant amounts of your income tax bill, and subsequently allow your funds to grow in a tax efficient environment but they also make a perfect home for your wealth as they often don’t form part of your estate on death for inheritance tax purposes and are not taken into account during local authority means testing for long term care.
The tax benefits of todays pension accounts are an opportunity that everyone should explore.
But how much should you be investing into a personal pension plan to maximise your future retirement outcomes? Which pension is right for you? How do you invest the funds once contributions have been made? All of these questions can be answered by our team of advisers.
Pensions are an incredibly tax efficient and useful tool to help you build wealth. While their main purpose is to help you fund for a comfortable retirement, they are used as part of many other investment strategies.
The flexibility offered under todays legislation means that not only do they offer you the opportunity to recover significant amounts of your income tax bill, and subsequently allow your funds to grow in a tax efficient environment but they also make a perfect home for your wealth as they often don’t form part of your estate on death for inheritance tax purposes and are not taken into account during local authority means testing for long term care.
The tax benefits of todays pension accounts are an opportunity that everyone should explore.
But how much should you be investing into a personal pension plan to maximise your future retirement outcomes? Which pension is right for you? How do you invest the funds once contributions have been made? All of these questions can be answered by our team of advisers.