We want you to get excited about your pension. Because there’s a lot to get excited about. Your pension is one of the best ways to save for retirement and offers lots of valuable benefits.
There’s more to it than just putting money aside too. And that’s why we’re here. To help you work through the bits that might be putting you off fulfilling your pension’s potential.
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.
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.