Making a single contribution could make a big difference to your pension savings, compared to regular pension saving alone.
Whether you’ve saved some extra money over the last year or you’ve just received a bonus, there are many reasons for paying a lump sum into your pension.
The end of the tax year is a key time for planning and managing your finances, including your pension. By adding to your regular pension contributions by way of a single contribution, you could well get closer to achieving your pension savings goals.
With the benefit of tax relief from the government, a pension is one of the most tax-efficient ways to save for your future – and our latest guide below looks at the impact a single contribution can make to your pension pot. Please feel free to read or download it.
The end of the tax year is fast approaching, so if you’d like to give your pension savings a boost with a single contribution, get in touch today.
Tax relief can change and depends on your individual circumstances and where you live in the UK. While your savings could grow, their value can also go down, as investment returns aren’t guaranteed. This means you could get back less than you put into your plan.