TITLE

Free money for your pension

PUB. DATE
June 2012
SOURCE
Evening Standard;6/12/2012, p45
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
FOUR million working Brits who are currently not paying into a pension pot are leaving �2.5 billion of income tax relief unused, IFA website Unbiased says. The average pension contribution made by individuals per year is �3010, according to HMRC. Under current rules when you pay into a pension, the Government adds 20% of the total contribution, so every �100 saved needs only �80 of personal funds. Karen Barrett, chief executive of Unbiased, says: "Tax relief on pension contributions is free money, helping you boost your retirement pot."
ACCESSION #
76484735

 

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