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PENSIONS
Retirement
Most people recognise that it is wise to plan for their retirement. This is especially true for those who are hoping to retire before the usual State Retirement ages.
Putting aside a regular amount of money during your working life is probably the best method to ensure that you will have sufficient income during your retirement. Investing into a Pension plan has historically been the most popular method of making these regular commitments. The tax advantages offered by the UK Government provide the opportunity for your Pension Fund to grow with virtually no tax. You are also currently allowed to draw a significant amount of your pension fund as a lump sum with no tax payable. (NB. The levels bases and relief's from taxation may be subject to change).
It is becoming increasingly popular for people to use other methods of saving money for their retirement, such as ISA's. If you would prefer to use arrangements other than Pensions please refer to the sections of this website dedicated to Savings or Investments.
Key Mortgages & Financial Services is a trading style of Great British Finance Ltd. Great British Finance Ltd is authorised and regulated by The Financial Services Authority. Key Mortgages & Financial Services is entered on the FSA register (www.fsa.gov.uk/register/) under the Great British Finance reference 431032. The Financial Services Authority do not regulate Banking, Will Writing, Loans, Credit Cards, or some forms of Mortgage, Tax Advice, Offshore Investments, EstatePlanning.
Great British Finance Ltd Registered Office: 81 Burton Road, Derby, DE11 1TJ. Registered in England No. 03171349 The tax relief's referred to throughout this Internet site are those currently applying in the United Kingdom to UK Tax Residents. These tax relief's are liable to change. The value of any tax relief available will depend upon the individual circumstances of the taxpayer.
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