Why Invest in a Pension?
We have seen relatively higher profits from farming over recent years, although do appreciate that profits are now reducing as a result of commodity prices coming down. Pension contributions have provided a means of reducing income tax liabilities, and will still be relevant when contribution with reliefs such as farmers’ averaging.
Retirement and Pensions round-up
What happens to your pension when you die?
Invest into a pension for your children
Children born this year could become millionaires by their 43rd birthday if their families contribute to a pension for the first 18 years of their lives.
Reviewing your pension to meet your retirement plan
Have you reviewed your pension or pensions recently and do you know how much you have saved for your retirement?
Are you paying unnecessary tax on your State Pension?
If you decide to continue working past the State Pension age, you could be paying unnecessary tax, in some cases up to 40%.
