Tel: 01443 670149

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Tel: 01443 670149

Mobile: 07585 592494

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Are Pension Contributions Taxable?

There is some confusion about whether or not pension contributions are taxable. In general, contributions to a pension plan are considered to be a pre-tax expense. This means that you will not have to pay taxes on the money that you contribute to your pension plan. However, there may be some exceptions to this [...]

By |2022-04-04T16:48:21+01:00April 4th, 2022|, |0 Comments

What is a Workplace Pension?

A workplace pension, also known as an occupational pension, is a retirement savings plan offered by an employer. Employees contribute a portion of their monthly salary to the plan, and the employer often matches those contributions. The money in the plan grows over time, and can be withdrawn once the employee retires. There are [...]

By |2022-04-04T16:44:28+01:00April 4th, 2022|, |0 Comments

What Is The Pension Transfer Gold Standard?

Financial Advisors who have adopted the Pension Transfer Gold Standard demonstrate good practice: Helping you understand when advice is appropriate, before you take it. Ensuring advice given supports your overall wellbeing in the content of your stated objectives, needs and wants. Ensuring the most appropriate technical skills are utlised on your behalf. Ensuring your [...]

By |2022-04-04T16:42:12+01:00June 6th, 2021|, , |0 Comments

How To Unlock Or Cash In Pensions At 55

Under pension freedoms, the rules allow anyone aged 55 and over to take the whole amount of their pension pot as a lump sum, 25% of this will be tax free, but the rest being taxed as earned income in the year it’s taken out. Read Article

By |2021-02-21T11:03:38+00:00April 25th, 2019||Comments Off on How To Unlock Or Cash In Pensions At 55

Pension Annual Allowance – How Much Is It?

The annual allowance is a limit on the total amount that can be paid into your pension scheme(s) each year and still receive tax relief. The annual allowance is currently capped at £40,000.

By |2019-04-25T15:10:30+01:00April 19th, 2019||Comments Off on Pension Annual Allowance – How Much Is It?

What Is The Pension Lifetime Allowance

The Lifetime Allowance is a limit on the amount of pension benefit that can be drawn from pension schemes, whether lump sums or retirement income and can be paid without triggering an extra tax charge. The lifetime allowance for most people is £1,055,000 in the tax year 2019-20. It applies to the total of all the pensions you [...]

By |2019-04-25T15:10:35+01:00April 19th, 2019||Comments Off on What Is The Pension Lifetime Allowance

What Happens To My Pension When I Die

Your unused pension pot wouldn’t normally be included in your estate for Inheritance Tax purposes. In addition, if you die before age 75 your pension pot will pass tax free to your beneficiaries, provided the money is paid within two years of the pension provider becoming aware of your death. If you die after [...]

By |2019-04-25T15:10:39+01:00April 19th, 2019||Comments Off on What Happens To My Pension When I Die
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