Tax-efficient savings
With careful planning, you can keep more of your money.
The key to making your savings more tax-efficient is taking advantage of the allowances that apply to you. Talk to our experienced specialists, and they’ll help you understand this complex area and build a healthier retirement fund in the process.
How we help you
Whether you want to make a pension tax-free withdrawal or just understand the rules, we can help.
Lifetime Allowance Analysis
We’ll help you understand the Lifetime Allowance and how it applies to you.
Annual Allowance Analysis
We’ll analyse your Annual Allowance status, ensure you’re taking proper advantage, and help you avoid unnecessary charges.
Pension Withdrawal Advice
We’ll explain which pension tax rate is relevant to you, and the effect this might have on how you access your funds.
Why tax-efficient savings are important
Taxes may be one of life’s certainties, but that doesn’t mean you need to pay unnecessary charges.
As a successful senior professional, you recognise the importance of good money management and know that savings are crucial to that. So there’s nothing more frustrating than being heavily taxed on the money you’ve diligently put aside for retirement. But by taking advantage of often-overlooked allowances, you can put more of your money towards enjoying later life.
As a UK taxpayer, you’re entitled to an Annual Allowance and a Lifetime Allowance on pension contributions. Many people are unaware of these allowances and could be saving more money without penalty. But higher earners could face hefty charges if they exceed the allowance, which is why it’s so important to seek financial advice from experienced specialists.
If you want help understanding the pension tax rate that applies to you, don’t hesitate to get in touch. Our expert team can provide impartial, easy-to-follow advice about your circumstances and help you put the right plans in place.
Contact us today to learn more about our service, and the positive results we’ve delivered for thousands of clients just like you.
Frequently Asked Questions
Simply click the arrows to get the answers to common financial protection questions:
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This is the maximum amount you can draw from all the pensions you have without paying extra tax, currently £1,073,100. It was announced in the spring budget 2023 that this is being scrapped.
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When you save into a pension, the government boosts your contributions through tax relief. Just make sure you take financial advice to help you understand your allowances and limits.
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Yes. You have a Personal Allowance (£12,570 for the 2023/24 tax year) on which you pay no tax, then you pay 20% Income Tax on income between £12,571 and £50,270. Above this, higher-rate tax applies.
Ready to get started?
Book your initial consultation today
Whatever stage you’re at in your retirement planning journey, you can get the straightforward, unbiased advice you need from our experts.
Your first consultation is always on us, and there’s no obligation to proceed. Take the first step today, and you might just get the information you need to build a better financial future.
A pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.
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Check out our useful resources
The world of pensions is complicated and ever-changing, so it’s hard to understand no matter how much experience you may have had in dealing with finances. Cut through the complexity with our handy, easy-to-follow guides on a wide range of related topics. They’re packed with valuable insight from our experts and completely free to download.
