Rebuild your pension pot with rental income

Rebuild your pension pot with rental income

16 May 2023 | Pensions

Rebuild your pension pot with rental income A self-invested personal pension (SIPP) can be an attractive option for saving for retirement and is one that is popular with company directors. Under a SIPP, you can choose and manage your investments yourself, or you...
Pension changes

Pension changes

12 May 2023 | Pensions

Pension changes In his March Budget, the Chancellor announced a number of changes to the pension tax rules, including an increase in the annual allowance and the abolition of the lifetime allowance. Annual allowance The annual allowance places a cap on tax-relieved...
Pension payments – What tax relief is available?

Pension payments – What tax relief is available?

21 Feb 2023 | Pensions

Pension payments – What tax relief is available? To encourage pension savings, tax relief is available on contributions made to registered pension schemes. However, there are limits on the contributions that can qualify for relief, and punishing tax charges can apply...
Making the most of pension tax allowances

Making the most of pension tax allowances

1 Feb 2020 | Pensions, Tax Planning

Pension savings can be tax efficient as contributions to registered pension schemes, attracting tax relief up to certain limits. Limit on tax relief Tax relief is available on private pension contributions to the greater of 100% of earnings and £3,600. This is subject...
The State Pension – will you qualify?

The State Pension – will you qualify?

29 Apr 2017 | News, Pensions

Xitax are not financial advisors, but we do like to ensure our clients have access to important information that may benefit them financially. In recent months I have come across a number of instances where new clients had no idea that they were at risk of not...