The value of your investment can go down as well as up and you may get back less than you paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK also have an impact on tax treatment. The information here is based on our understanding in June 2021
Pensions are a tax-efficient ways to save money for the future. Read on to find out why and what this could mean for your money.
Investing in a pension plan gives you the following tax advantages:
You can find out more about how pensions work, tax relief and more in our pensions basics guide:
You can also download a factsheet about how pension tax relief and limits work here:
Inheritance tax may be due on your restate when you pass away. We've provided a link below to the Government's site where you can find out more about this.
You can get more information about pension plans and Stocks & Shares ISAs, and what they could mean for your long-term savings.