The end of the tax year is coming up fast. Now is a great time to make sure you are making the most of investing in your pension plan. Many people use this time to make sure that they “lock-in” the current financial year’s tax breaks before the door closes.
Your plan’s flexibility and freedom.
Following changes introduced in April 2015, you have freedom over how you can use your pension pot at age 55, giving you more control over how you manage your money. You might plan to retire fully, cut down your working hours or carry on working for longer. Whatever happens, you’re in the driving seat.
Review your financial plans as soon as you can.
It’s important to make sure your pension planning is on track. You should review the following-
- Check that you’re still investing in the most efficient mix of products to achieve your financial goals.
- Explore different pension planning strategies.
- Review your personal situation to take full advantage of available tax reliefs.
Remember that the value of investments can go down as well as up and you may get back less than you invested. Tax rules may change in the future. Tax treatment depends on your personal circumstances.
Contact us to make sure your pension is on track.
Peter Anstee from Anstee & Co said-
“If you’re interested in a financial planning review or topping up your pension contributions, out financial advisers will be pleased to talk through your options with you. Many of our clients are taking the opportunity to review their financial arrangements before the end of the tax year. If you’d like to do the same, please contact us to book an appointment that suits you”.
Anstee & Co undertakes financial planning and designs financial solution you.