Company pension advice
Pay into your company pension. Pensions often get a bad press because of the necessity of purchasing an annuity at retirement, and as soon as the stockmarkets plunge (and share’s aren’t doing too well just now of course), everyone gets very nervy about the value of their pension. But they are a GREAT way to reclaim income tax you would otherwise have paid. If higher rate taxpayers put £60 into a pension, the government makes it up to £100 … and that’s before your employer has made THEIR contribution. So find out about your company scheme and how much they will put into the pot.
Tags: Company pension, pensions, annuity