Personal Pensions Advisors

Personal pensions Tax relief on investment in personal pensions is limited to the greater of £3,600 and the amount of your UK relevant earnings, but subject also to the annual allowance (£245,000 for 2009/10) in all years except the year in which you retire. Premiums on personal pension policies and stakeholder pensions are payable net of basic rate tax relief at source, with any appropriate higher rate relief usually being claimed via the PAYE code or self assessment tax return. You will normally have selected one fund, or a spread of funds, for your pension savings. Would a switch give you more security or the scope for more growth?

For more information on Personal Pensions Advisors talk to Hackett Griffey LLP