Personal Tax Tip 5 – Is it ever too early to start a pension?

Have you maximised the government contributions into pensions for your children?

Tip: You can contribute up to £2,880 net per child into personal pensions for them each year. The Government will add up to a further £720 per annum for each. The investment will not suffer any annual taxes and cannot be drawn until the child reaches at least 55.

Any questions?

If you would like to arrange a free meeting with a Liverpool accountant to discuss cutting your personal tax bill, either at our office or at your premises, please contact us on 0151 724 3960 or by email at [email protected].

Alternatively, you can use our website contact form.

For tax tips and ideas to boost your profits, please sign up for our email updates.

Added by Jon Davies

Bookmark and Share