Money Minder UK

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Can you afford to retire?

In Brief: Can you afford to retire?

Tuesday, 16 April 2019

Have you considered ways in which to boost your retirement income? More and more people are deciding to invest in a tax-effective private pensions. Deciding how much to money to put in each month depends upon your retirement plan. Whilst there are different types of private pension to select the recent Government changes to pensions means that the tax aspects require careful planning. If you are considering boosting your retirement income using a private pension your plans need to cover pension-related tax relief, your annual allowance, how you access and protect your pension. Seeking professional financial advice could help you to create or maintain your future financial plans.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.