SIPP VS LISA for retirement, which is best?

Planning for retirement is something that needs to be considered carefully because after all, your life depends on it. But most people find it confusing especially when it comes to weighing up a SIPP vs LISA. There are numerous different savings accounts available for those looking to put away money and save for retirement but …

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How to Claim Tax Relief on Pension Contributions

When you put money into a pension, you are able to get the tax back, also called tax relief, on the amounts you have contributed into the pension. You can get relief on your contributions by either of the three methods listed below taking into account your annual allowance. (To read more on annual allowance, …

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How Pensions Contributions work and the Annual Allowance

To encourage retirement savings, government offers tax incentives when you contribute to a pension scheme. What contributions apply for pensions relief? Most contributions to a registered pension scheme qualify for tax relief and are referred to as qualifying contributions. Qualifying contributions can be made by: a member (or other person on behalf of a member) …

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