Pension expert: The one thing you must sort out this year
Making Money
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Navigating Pension Contributions and Tax Relief
This chapter explores tax relief at source for pension contributions, with an emphasis on how higher rate taxpayers can reclaim substantial sums, exemplified by a listener's £8,000 success story. The discussion addresses the challenges faced by self-employed individuals and limited company directors in securing their pensions, underlining the necessity for proactive financial strategies. It highlights unclaimed tax reliefs annually and introduces alternative savings options, such as Lifetime ISAs, to enhance financial stability in retirement.
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