About Personal Pensions
Personal Pension plans are designed to allow the self employed to make lump sum or regular manageable payments stretching over long periods.
Such a scheme will enable you to build up a savings fund to retain your pension fund as an asset and draw an income from it, or use it to purchase a steady income through an annuity.
Personal Pension Tax Incentives
There are generous tax incentives available to those who choose to invest in a Personal Pension Plan.
For the self employed this tax relief can be used to reduce your exposure to tax while providing for your retirement.
GENEROUS TAX RELIEF AVAILABLE
Contributions to a Personal Pension enjoy generous tax relief (up to certain age related limits).
CONTRIBUTIONS BOOSTED BY TAX RELIEF
These tax benefits have the added effect of boosting the size any contributions you make.
OPTIONAL LUMP SUM ON RETIREMENT
Personal Pensions also allow you to take a tax free lump sum of up to 25% of the accumulated fund on retirement.
Our Advice
We have over 30 years experience in advising clients on how to convert their hard earned income into long term wealth.
If you are self employed and want to know more about starting your Personal Pension plan, contact us and we will guide you in the right direction.