top of page
  • Writer's pictureDarren Pestell

Tax year end - a great time to review your personal pension planning

Updated: Jul 10, 2023

Your pension planning before 6 April Tax year end

The tax year end is fast approaching so this the perfect time to check you’ve made the most of investing in your pension plan. Many people use this time of year to ensure that they are maximising the current financial year’s tax reliefs and allowances before it ends.

Your personal plan’s flexibility

From age 55 (57 from April 2028), you’ll have complete flexibility over how you can use your pension pot with the many options available giving you more control over how you manage your money. What ever you decide to do, you’ll be in the driving seat.

Reviewing your financial plans

Reviewing your pension planning is crucial to ensuring you’re on track for your financial goals. Reviews should always consist of:

  • checking that you’re still investing in the most efficient mix of assets to help achieve your financial goals and in line with your risk profile.

  • exploring different pension planning strategies.

  • reviewing your personal situation to take full advantage of available tax reliefs and allowances.

Remember that the value of investments can go down as well as up and you may get back less than you invested. Tax rules may change in the future and tax treatment depends on your personal circumstances.

Let’s make sure your pension is on track.

If you’re interested in a financial planning review or in topping up your pension contributions, please get in touch so we can build a plan together for your financial future.

Our services relate to certain investments whose prices are dependent on fluctuations in the financial markets beyond our control. Investments and the income from them may go down as well as up and you may get back less than the amount invested. Past performance cannot be used as a reliable prediction of future performance.

Your home may be repossessed if you do not keep up repayments on your mortgage.

29 views0 comments


Post: Blog2_Post
bottom of page