01204 803 500

What are the tax advantages of pensions?

As long as contributions fall within the prescribed limits, all contributions are tax relievable: personal contributions at the highest level of tax and corporation tax for company contributions.

Investment income is free from income tax, with the exception of dividend payments from UK Equities.

There is also no Capital Gains Tax payable on any growth in the value of investments or properties held within the scheme.

On retirement, you may take up to 25% of your fund as a tax-free lump sum. The remaining fund will be used to provide regular pension payments which will be subject to income tax.

Please note the value of investments, and any income from them can go down as well as up and you may not get back your original investment. We do not offer advice about the suitability of our products or any investments held within them. Should you require financial advice you should consult a suitably qualified financial adviser

 

Making sense of YOUR pension

Can't find the answer to your question?
click here to use our form and we'll try our best to answer!

This website uses Cookies

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your browser settings, we'll assume that you are happy to receive all cookies on this website. For more details you can read our updated cookie policy here