Personal Pensions
A personal pension plan lets you set aside money on either a regular or one-off basis. All contributions you make are paid net of basic rate income tax. If you are a higher rate taxpayer you can claim additional tax relief from your local tax office. The money is invested in the pension fund and grows in a tax efficient environment.
On reaching retirement, you can normally take part of the fund (up to 25%) as a tax-free lump sum. The remainder is then used to provide an income, which will be subject to income tax. You can usually have access to your pension fund from the age of 50. You must take the benefits by your 75th birthday.
We at David Stock & Co. Ltd are Independent Financial Advisers who can, unlike appointed representatives, obtain quotations from the entire marketplace to ensure we secure the most competitive and appropriate mortgage, pension or tax/investment package available.
If you have any Enquiries about the services we offer or would like a quotation, simply call in our office or contact us via telephone or e-mail. A personal and professional service awaits you.
