Pensions are arguably the most tax-efficient savings mechanism available with contributions attracting tax relief at your marginal rate. Pension assets also benefit from tax-free investment growth and income. There are of course limitations to pensions such as your lifetime allowance for the total size of your pot and your annual allowance for yearly contributions. Some pensions are also excellent for inheritance tax planning (provided you have nominated the beneficiaries of your pension) as they will fall outside of your taxable estate.
Following the pension freedom rules you now have far more pension options available to you; and our pension consultants can help you to position your pension optimally… Our advisors can help you to consolidate historic schemes into a single pension with a suitable and coherent investment strategy. Pension rules have changed considerably in recent years and can now offer investors significant advantages for example some higher rate taxpayers can save as much as 60% tax on pension contributions and some pensions can be Inheritance Tax Free.
Our pension consultants will help you to plan effectively for retirement. Often this involves the consolidation of various old pension schemes into one manageable pension, which we will do for you.