State Pension Tax

State Pension Tax

State Pension tax is another form of tax we will all likely face at some point in our retirement. But what is State Pension tax and how much might you pay? In this article we’ll explain what the State Pension is, how it’s taxed and how you can use other pensions to...
Why You May Have Multiple Pension Pots In Drawdown

Why You May Have Multiple Pension Pots In Drawdown

Are you drawing an income from your pension and found you now have multiple pension pots?  If you have a personal pension and have made use of the flexible drawdown features launched on ‘Pension Freedoms Day’ in April 2015 you may find that your pension has been split...
Converting Your Pension To An ISA

Converting Your Pension To An ISA

When it comes to pensions and ISAs, most people in my experience find ISAs much easier to understand and so would like to convert their pension to an ISA.   After all ISAs are free of Income and Capital Gains Tax. For most types of ISAs what you put in grows tax free...
The £800m Higher Rate Tax Relief Scandal

The £800m Higher Rate Tax Relief Scandal

According to research carried out by PensionBee, around 81% of taxpayers eligible to claim higher rate tax relief through their Self-Assessment tax returns are failing to do so.   It is also estimated that around 54% of additional rate taxpayers are also failing to...
115% Tax Relief

115% Tax Relief

It really is possible to get more money back in tax relief than what you put into a pension.   There are a few ways you can ‘play’ the system and be super tax efficient especially using all the allowances available to you as a family.   Here are a few examples where...