It will only take a brief telephone call to find out. This is not tax avoidance. It is well within HMRC rules and perfectly legal.
Unfortunately it is not for everyone. For this to work you should be:-
- Aged between 55 and 75
- Paying higher rate tax on earned income or dividends from your business
- Expect to revert to basic rate tax by the time you choose to cash in
- Have some accessible medium/long term savings/investments
If you pay higher rate tax on £50,000 and invest your net pay at 4% per annum after 3 years you will be left with £33,818. Fit the criteria above and you will be left with £48,500.
That’s a staggering £14,682 better off. Even if you are still a 40% tax payer you will be considerably better off.
It is just not possible to provide all the technical details in a blog such as this. Time is of the essence as the arrangement has to be in place by 5th April 2018 to qualify for relief in the current tax year.
The starting point is a 10-minute telephone conversation with me, Richard, on 07770 575122.
What do you have to lose other than 10 minutes of your time?
This may not be for you, but you have worked hard for your money. Paying unnecessary tax without exploring the alternatives doesn’t seem to be a good plan to me.
So, come on, let’s have a conversation and quickly decide whether this is something you would like to explore in more detail.
PS.If you are in any way interested in what I have to say, please sign up for blog updates below – normally about every two weeks.
IMPORTANT INFORMATION
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122
