2016/17 Pension Allowances

0 Replies

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 contributions.
• You benefit from tax efficient growth on your investments.
• You can make the most of tax advantages when you retire.

Asset allocation – The difficulty of choice…2016/17 ISA Allowance

Share Your Thoughts

Your email address will not be published. Required fields are marked *