Loopholes to Maximise Your Pension

Loopholes to Maximise Your Pension

Try these loopholes to maximise your pension 1 You are over age 55, and already receiving your drawdown pension. Invest up to £4,000 per year into a pension, you pay £3,200 net and this is topped up by 20% tax relief. Immediately you withdraw the money. The first 25%...
Protect your pension from lifetime allowance

Protect your pension from lifetime allowance

Investors with large pensions could find themselves facing a 55% tax charge on 6th April 2014 if they do not take the neccessary precautions to protect their retirement pension fund. The total amount you can hold in a pension, called ‘the Lifetime Allowance’, will...