Building up a Pension Pot
It is never too early to save into a personal or workplace pension as you will benefit from long-term growth on the money that you have invested. Money invested in a pension benefits from tax relief which means that for every £800 invested, you will receive an additional £200 in tax relief. In addition, workplace pensions can also benefit from your employer contributing into the scheme and increasing your pension pot.
Alternatively, ISAs are another flexible way of saving by allowing £20,000 to be invested tax-free per annum, with flexible withdrawals.
By reviewing your financial situation and modelling your future cashflow, our advisers can help you start a
tax-efficient retirement plan which takes on board your current lifestyle expenses, whilst ensuring your investments achieve long-term growth to help you to retire comfortably. The earlier you start, the more you will have to enjoy your retirement!
Got any questions? Just call us on 0117 907 1965