Retirement And Pensions
The generous tax reliefs allocated within pension arrangements means that they play an important role in tax planning. Personal contributions to a pension currently qualify for Income Tax relief at the individual’s highest marginal rate and can also indirectly provide other tax advantages.
For example, using the Tapered Annual Allowance, carrying forward unused reliefs and optimising Lifetime Allowance protection opportunities.
A brief guide to help achieve your retirement goals
You can pay in a regular amount or make a one-off lump sum payment.
Other people can also make a contribution on your behalf – employers, partners or other family members can help you save for your retirement.
You can pay into a pension for someone else, for example your children (age restrictions apply).
It is flexible – you can change the amount you pay in, and also pay lump sums if you wish.
If you die before you retire, the value of your plan could be paid as a cash lump sum to your beneficiaries.
The amount of tax relief you’ll receive depends on your individual circumstances.
To have an initial conversation with Paul,
please call 01444251893
Paul Wren – Senior Adviser
Paul Wren started his career in financial services as a qualified Mortgage Adviser, working for large estate agent groups until he moved into financial planning in 2008.
He worked for large banks including HSBC and Barclays, until being asked to join Wellesley in 2015. Now, as an Adviser, Paul specialises in inheritance tax planning and retirement planning.
Out of Hours: Paul lives in Reigate with his wife, Helen, and his two children, Faith and Eddie. He really enjoys spending time with his family and has a love of technology.
Watch this short video to find out more about Paul Wren or get in touch by calling 01444251893