Can you be sure you won't pay too much tax in retirement?

North Devon Gazette

The past 18 months have demonstrated that the unexpected has become the norm and that this new ‘normal’ is changing many of our expectations.

It is easy to be distracted by the events taking place around us and to lose focus of our priorities.

Now, as the tax year end approaches, it’s time to turn our focus to making sure you don’t pay too much tax.

This is where Barnstaple-based Town and Country Financial Advisers is able to help you.

If you have, or are likely to have, a large pension fund of more than £1million, you could be at risk of being taxed on the excess amount.

This is where we can help. We will look at your retirement needs and build the best strategy for protecting your existing pension, as well as your future contributions.

Don’t pay more tax than you need to

Taking advantage of the tax-saving opportunities available to you makes perfect sense. Even if you feel that this particular issue doesn’t affect you, there are other steps we can help you take to save tax – in a legal and ethical way.

This year’s ISA allowance runs out on April 5, 2022, making now the ideal time to review your investments.

Together we can consider your future plans and also make sure the investments you’ve made in the past are still working for you and your future.

Benefits of making the most of your ISA allowance Â

Start using your remaining stocks and shares ISA allowance today so you don’t miss out on:

✓ The potential to receive greater returns than cash, meaning your money is working as hard as possible for you.

✓ Investing your money in a tax efficient way, allowing you to grow your money more effectively.

To arrange a meeting, please call Town and Country Financial Advisers on 01271 458121 or email info@devonfinancialadvisers.co.uk and we will be happy to assist.

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