Lazy summer days lead us to thinking about anything BUT tax, however taking a few small actions could make a big difference in the tax you pay.
Planning for a sunny retirement
Paying into a personal pension not only helps to bring your retirement date closer and makes your pension pot greater but also can help reduce personal tax bills. Depending on the rate of tax you pay, the cost of investing £1 into your pension could be as little as 55p. There are certain limits to the amount you can pay into your pension and if you go over these limits the tax charges can be fairly high and so we would be happy to calculate your limits depending on your circumstances and advise on the possible ways to use pension contributions to save tax!
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