Whether you want to make contributions to your pension fund, or are already in receipt of a pension and unsure of the tax consequences, PD Tax can help you to understand the UK tax implications of pensions.
Pensions can be an efficient method of saving for many taxpayers as they benefit from a range of tax reliefs designed to encourage people to save for their retirement. However these reliefs can come with certain restrictions based on things like your income, available annual allowance, and the amounts already saved in a pension.
We can assess your circumstances and help you understand the tax implications of your pension, including determining the maximum contributions that you can make whilst retaining your eligibility for relief and identifying any useful tax claims that can be made.
Alternatively, you may be keen to withdraw funds on retirement and are unsure of what tax you may have to pay. Taking into account your future goals, we can help identify the most tax efficient route to access your funds while ensuring that your objectives can be met.