Putting your pension first
By Kirsten Hastings, 15 Feb 16
Pensions are a tax efficient and flexible way to save towards retirement but time is running out in the UK to use this year’s allowance, says Sarah Lord, managing director of Killik Chartered Financial Planners.
Take advantage of tax relief on pension contributions
George Osborne may potentially alter or indeed remove tax relief on pension contributions in the upcoming budget, and replace it with a system where everybody qualifies for the same base rate of relief, regardless of earnings.
Whilst it’s not yet set in stone, it is worth maximising your contribution before 16th March this year.
Tags: Killik & Co | Pension | Sarah Lord
