Pension Planning

Have you got pension plans in place?

From understanding tax relief to using your pensions as income, we’re here to help you plan ahead.

With our video appointment service, Skipton Link, our expert advisers are on hand to have a friendly face to face conversation about your pension plans and get you on track for your retirement.

There's more to your pension than meets the eye

  • Any growth in your pension is free from income and capital gains tax.
  • Basic rate taxpayers receive an extra £20 for every £80 they contribute.
  • Higher rate and additional taxpayers can claim an extra 20% or 25% tax relief through self-assessment.
  • Typically, you can contribute up to 100% of your earnings (up to £40,000).

The power of the workplace pension

All employers have to offer a workplace pension - and it shouldn’t be underestimated. In most cases, for every contribution you make to yours, your employer will make a contribution too (based on certain rules). If you’re not sure how much you’re contributing, it’s worth checking to see if you can put in more. Even if it doesn’t seem like much, a bit extra can make a big difference over time.

Get in touch

Phone us

Let's have a chat to understand your goals and see if financial advice could be right for you.

Or, you can request a call back.

If you're self employed

When you’re self-employed it’s especially important to find the balance between maintaining a steady cash flow for your business and saving for retirement. We can help you consider potential ways to build your pension pot.

We're here for the late starters too

Obviously, the sooner you start saving into your pension, the more money you’re likely to have when you retire. But we’re here for every stage in life. So even if you think you’ve left it too late – talk to us. We might be able to help.

Important information about your pension

A pension is a long term investment and your Capital is at Risk. Your fund value will fluctuate and can go down. You could get back less than you paid in. Your eventual income will depend upon the size of the fund at retirement, future interest rates & tax legislation.

Why choose Skipton for pension planning

No pressure promise

We'll never push you into taking up a recommendation or service you don't want or need.

No implementation no charge

You'll only be charged if you decide to implement your financial plan.

Financial planning experts

Your adviser will discuss with you your current lifestyle and financial situation, and build a plan tailored to your needs.

Get in touch

Request a call back

Let us call you

Speak to us

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Skipton Link

Learn more about our video appointment service

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