Self Invested Pension Plan
At Heritage Financial Services we offer a great range of products and services such as a self invested pension plan that will help you save money. A self invested pension plan will offer you all the valuable tax benefits that you would expect to gain from a pension. A SIPP is a great way to invest your money ready for your retirement and enjoy all the benefits whilst being tax-efficient. Below is a brief guide to what you can expect to receive:
- You will receive the highest rate for tax relief on payments paid into your plan either by you or a third party, but this excludes your employer.
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Even if you are a non-taxpayer, tax relief is available. You can contribute up to £3,600 per annum, including basic tax relief.
- investments in your pension will grow free of UK capital gains tax and income tax
- from the age of 50 (55 from 2010) you can take a 25% tax-free lump sum from your pension fund, which you are free to invest or spend as you wish
A self invested pension plan will effectively look after your monetary needs for later life such as once you reach your retirement. They are becoming increasingly more popular and many people now choose one of these plans to secure their future once of retirement age.
Should you require any additional information about our self invested pension plan, then please feel free to contact us and speak to a member of our friendly team today. Alternatively you can click this LINK where you will find additional information including advice and how to set up your self invested pension plan. We are always happy to hear from both new and existing clients and will endeavour to find a solution to your requirements, both professionally and discreetly with the strictest of confidence and confidentiality.
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