Pensions Fact Sheet

Investing in a pension is a tax efficient way of saving for your retirement.

Personal contributions are paid net of basic-rate tax and the pension provider claims a 20% tax refund from HMRC which is added directly to the pension plan. Higher rate tax-payers can claim higher rate tax relief for contributions via their Self-Assessment tax returns.

Find out more about pensions with our handy fact sheet.

If you have any queries about pensions and your retirement, please contact Roy Thompson, Head of Wealth Management, on 01903 534587.