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LIMITED COMPANY BENEFITS

Why Pensions Benefit Contractors and Freelancers:

  • Pensions offer significant tax breaks, allowing investments from gross income.
  • Invest directly from your company bank account, saving on income tax, employer, and employee national insurance contributions.
  • Tax relief can reach up to approximately 49%, maximising your investment.
  • Stakeholder/Personal Pensions provide flexibility and a wide range of investment choices.
  • Self-invested Personal Pensions (SIPPs) allow managing your own fund, suitable for experienced investors with larger funds.

UMBRELLA SALARY SACRIFICE

Elevate your personal pension savings effortlessly with Salary Sacrifice. This method allows you to set aside more earnings saving tax and National Insurance.

Tailor your pension contributions according to your preference, whether a
fixed amount or a percentage of your income, each time you’re paid.

Salary sacrifice might be an ideal choice for your pension if:

  • Retirement is on the horizon
  • Prioritising your pension is crucial
  • You are a high earner
  • Enjoy disposable income and don't live paycheck to paycheck
  • Have additional income sources
  • Don't mind a reduction in monthly salary, as it contributes more to your pension

If you want to explore the benefits of salary sacrifice for your pension, reach out for more information. Discover the advantages of tax-efficient retirement planning today. *Pensions advice is by referral.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Transferring out of a final salary pension is unlikely to be in the best interest of most people.

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