Want to pay less tax in retirement?
Posted by Financial Resolutions on 27th November 2013
Do you ever think that the taxman will simply tax you back on your post retirement income, to negate the effects of the tax relief on contributions you received throughout your working career?
We have ways contributions can be spread amongst both individuals in a couple, so that both tax free allowances can be utilised on receiving retirement income. Successful strategies have resulted in clients receiving 40% tax relief at the front end, but only paying 6-10% tax on subsequent pension income - not a bad trade off!This blog is filed under the category Pension Related Blog