With the introduction of Fund Supermarkets and Platforms offering Personal Pensions, the investment flexibility of these has grown to incorporate almost all of the investment funds available in the market today.  Gone are the days when you had to transfer your benefits between providers to gain access to a particular fund group.

Both the member and their employer can benefit from Income Tax relief when making contributions, and the benefits are invested in a tax-efficient haven.

Once the contributions are made, you cannot access the pension benefits until at least age 55.  At that time, you may elect to up to 25% of fund value as a Pension Commencement Lump Sum (PCLS), more commonly known as Tax Free Cash, with the residual balance to be paid as a pension income, subject to your marginal rate of Income Tax.

To discuss this further, please contact us.