Pension contribution tax relief

With a budget due on 16/03/16, it has been suggested that tax relief on pension contributions may be subject to change.
Currently tax relief is given @ the marginal rate of the policy holder, this may be changed to a flat rate with 25% & 33% being talked about.
It may be wise for higher rate (40%) & additional rate (45%) tax payers to make contributions into their funds, subject to the current contribution limits, to enjoy the current favourable tax benefits in case they are reduced.

Email us on Call us on 01296 641 868Use our Contact Form

Please note when reading any information on this website: past performance is no guide to future performance. The value of an investment may go down as well as up and an investor may not get back the full amount invested. Before investing, please ensure that you have read the information set out in the simplified prospectus, which includes full details of the charges. Any material available is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. Opinions expressed on this website represent the views of Stephen Baker Financial Consultants Ltd at the time of publication, are subject to change, and should not be interpreted as investment advice.

Leave a Reply