January 2017

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    2016/17 Pension Allowances

    Annual Allowance: £40,000 Annual Allowance for a Junior Pension: £3,600 Rate of Relief for Contributions: 20%/40%/45% Lifetime Allowance: £1m Tax Free Lump Sum (as a % of total pension savings): 25% Why invest in a pension? • It is a long term savings plan offering great tax advantages. • You receive tax relief on your […]

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