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Are Personal Pension contributions tax efficient?

Tax relief is one of the main benefits of using a pension to save for your retirement. ‘Relief at source’ applies to many Personal Pensions and this means tax relief is added to your pension contribution automatically. Higher and additional taxpayers can claim further tax relief from HMRC. If you’re new to pensions, it’s worth reading our guide to choosing the right pension. You can also call us on 0191 625 0350 or send us a message.

With investing your capital is at risk. Investments can fluctuate in value, and you may get back less than you invest. Pension eligibility applies. Tax is subject to an individual’s personal circumstances, and tax rules can change at any time.

If you need more information or have any further question, and you are not already a client with True Potential, you can speak to our friendly team on 0191 625 0350 available 7am-8pm weekdays.