This guide is not personal advice. The value of investments can go down as well as up and you could get back less than you invested. Tax reliefs will depend on your personal circumstances and the pension and tax rules are subject to change by the government.
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The government has announced cuts to pension tax relief. Higher earners will soon lose a benefit worth £billions every year.
This free factsheet reveals:
The factsheet is based on our understanding of current tax rules and draft legislation. It is a broad summary and cannot cover every nuance. You should not take, or refrain from taking, any action based on this information. Tax treatment can change and any benefits depend on individual circumstances. Money in a pension can normally only be accessed from age 55 (57 from 2028).
This information, like our service is not personal advice. If you are unsure of the suitability of an investment for your circumstances, contact us and we can put you in touch with an adviser. The value of investments can fall as well as rise so you may get back less than you invest.