Helping Maximise Your Pension Fund

Providing you with expert and professional advice for your pension requirements.

We can help you plan to achieve the lifestyle you desire in retirement.

Receive the lifestyle you deserve in retirement with help from our trusted financial advisers. We offer face-to-face advice to help maximise your pension fund.

Are you pension smart?
Is your pension fund performing well?
Are you making the most of your available tax relief?
Are you paying too much in fees?
Are you getting the right advice?

As Chartered Financial Planners with over 25 years' industry experience, we can help you in the following areas:

Calculate your pension
Advice on pensions income options
Discuss investment opportunities for retirement
Offer expertise on existing pension provision
Advice on pension death benefits.

Despite the ever-changing pensions landscape, pension planning and saving for your retirement are still as vital as ever. Pensions remain highly efficient, offering tax relief at your marginal rate of income tax on your contributions.

Understanding the tapering of your annual allowance can be complex.

The standard Annual Allowance for 2024/25 is £60,000. However, for individuals whose threshold and adjusted income levels exceed £200,000 and £260,000 respectively, you will have a tapered Annual Allowance (reducing to a minimum of £10,000). Tax relief is limited to 100% of your relevant UK earnings or £3,600, whichever is greater, in the tax year the contribution is made, and subject to being within your available Annual Allowance. If you contributed less than the Annual Allowance in the last three tax years, you may have unused amounts that can be used in this tax year.

‘Carry Forward’ is a way that you can use up any remaining unused Annual Allowance for the previous three tax years.

Including the current tax year allowance means that you can potentially pay up to £180,000 into your pensions.

Carry Forward can be a really useful way to catch up on your pension contributions, especially if you are self-employed, or perhaps received a bonus, or inheritance in a particular year.

The rules can become more complex depending on your earnings, so it’s best to seek advice.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and the value can therefore go down as well as up. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.