
Are you maximising your pension tax reliefs?
Following on from my last blog where I talked about why you should contribute to a Pension rather than a New Individual Savings Account (NISA) this time I would like to write about how to maximise your pension contributions. In the current tax year 2016/2017 it is possible to contribute up to £170,000 to a pension in one lump sum payment and receive full tax relief at your marginal rate using a process called Carry-Forward. (Explanation - you can contribute whatever you want