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Getting the most from your Pension

Making the most of your pension by increasing your savings, check you're claiming all your tax relief and review how your pension pot is invested

Do you want to know how to get the most from your pension?

There are a number of things you can do to improve the performance of your pensions.

Increase your savings

If you have any spare income, then putting it into a pension is an efficient ways of investing it.

Any additional income you put into a pension will be topped up by the taxman. Also if you have access to a workplace scheme that your employer contributes to, then depending on what the scheme rules are: if you increase your contributions your employer may increase theirs as well.

Check you're claiming all your tax relief

If you are a higher rate taxpayer and you're making pension contributions to a personal pension, you will automatically receive the basic rate tax relief on your contribution. But make sure that you claim any higher rate tax on your self-assessment tax return. This additional tax relief can allow you to benefit from even larger pension contributions.

Review how your pension pot is invested

If you have a defined-contribution personal or a workplace pension, then you get a choice in how your pension pot is invested.

This can be choosing from a range of funds offered by your pension provider. There will be different types of assets, which will have varying levels of risks and potential return.

Transferring a personal pension into a SIPP (self-invested personal pension) does let you access a wider range of investment options, but you need to be aware of increased risks and higher charges.

It's a good idea to balance your risks; between potentially higher-growth assets such as stocks and shares and conservatively invested pension savings.

We understand how the different pension investments and can offer you sound financial advice regarding your pension investment.




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Henson Crisp Limited

Telephone: 01733 355120 / 02036 377140
Email: enquiries@hensoncrisp.com

Registered Office:
Peterscourt, City Road, Peterborough, Cambs, PE1 1SA. Registered in England, No. 06266686

Offices in both Peterborough and London.

Financial Advice for individuals and companies.

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