Pension Advice London

Advice on pensions is readily available across London from our highly experienced team and is essential if you want to make the most of your pension in retirement. If you already have a  plan check out Facts & Figures’ Pension Performance Review Service.

“The UK government is broke – there has never been a more important time for all of us to safeguard our own futures…” Simon Webster

Click here to access a pension calculator

Investment in a pension is the most tax efficient form of savings generally available to UK taxpayers. Pensions benefit from:

  • Top slicing income tax relief on pension contributions. i.e. relief at the highest rate paid
  • Largely tax free growth in fund
  • 25% of the fund may be taken as tax free cash on retirement

The remaining 75% of the fund must be drawn as income for now but under measures announced in the March 2014 budget wef from April 2015 that need not necessarily be the case…

Just compare the benefits of pension tax relief with say ISA’s after just one year. The effect is compounded over the longer term. Take independent financial advice.

 ISAPension 20% Tax ReliefPension 40% Tax Relief
Extra262.50699.99
Investment1,000.001,000.001,000.00
Tax relief added250.00666.66
Total investment1,000.001,250.001,666.66
5% Growth50.0062.5083.33
End of year one1,050.001,312.50 1,749.99

M.D Simon Webster hosted a radio show on Pension scams. Click here to listen.

Facts & Figures are pensions experts, follow the links on the left to find out more or Contact Us for further advice.

Pension Advice London

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