The P Word – PENSIONS!!

Just one mention of the ‘P’ Word and many people run for cover!

If you are one of them – you are not alone.

The word ‘pension’ can instil fear in many – people can find them complicated and hard to understand.

It is difficult thinking about the future, and sometimes the easy solution can be to push the concept to one side and deal with it another day.

But Pensions are a great way to save for your future. Here are some of the reasons why:

• Subject to certain limits.  You receive tax relief on your contributions - plain and simple, you either pay less tax, or the government tops up your pensions for you. 
• Money inside your pensions will grow free of UK income and capital gains taxes – giving your money more opportunity to grow
• Other people can contribute to your pension – that includes family members and employers. You can even start a pension from the day you are born

And if the thought of pensions still fills you with dread, there are many professionals out there that can help reduce this uncertainty and feeling of being overwhelmed. I help empower people with their money, so that they can take control of their finances.

You have worked hard to earn your money - and it is time to get your money working hard for you!

Remember, whilst you can’t predict the future…. You can prepare for it.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time.  The value of any tax relief depends on individual circumstances.