Pensions

I have several pensions, can I put them all into one pension?

Willow Financial Solutions2021-04-09T13:09:18+01:0016 January 2021|

Yes, this is possible but with care as some pensions have safeguarded benefits that could be lost on transfer.

What is auto enrolment?

tuktuk2021-01-16T16:00:26+00:0016 January 2021|

Auto enrolment is a compulsory pension that employers have to offer to their employees.

How do I get tax relief for my pension payments?

tuktuk2021-01-16T16:00:14+00:0016 January 2021|

The pension company claims 20% tax relief direct from HMRC when your contribution is received. Additional relief for higher rate ...

How much do I need to pay into a pension?

tuktuk2021-01-16T15:59:58+00:0016 January 2021|

There is no minimum amount, but the advised amount will depend on when you start your pension and how much ...

What is a ‘carry forward’ contribution?

tuktuk2021-01-16T15:59:40+00:0016 January 2021|

A ‘carry forward’ contribution is where you are allowed to pay more than the current year’s maximum amount into your ...

How much can I pay into a pension?

tuktuk2021-04-09T10:58:48+01:0016 January 2021|

You can currently pay up to £40,000 per tax year into a pension or as much you want to in ...

Do I have to be working to start a pension?

tuktuk2021-01-16T15:53:28+00:0016 January 2021|

No, but if you are not working you can only pay in £3,600 per tax year.

How old must I be to start paying into a pension?

tuktuk2021-04-09T10:59:45+01:0016 January 2021|

There is no minimum age; a pension can be started for a new born baby?

Can I have more than one pension?

tuktuk2021-04-09T11:00:22+01:0016 January 2021|

Yes, you can have as many pensions as you like as long as you don’t pay more than the maximum ...

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*Past performance is not a reliable indicator of future results. The value of your investment may fall as well as rise, you may not get back what you put in.
A pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.
Tax treatment is dependent upon individual circumstances and may be subject to change in the future.

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Willow Financial Solutions Ltd is an appointed representative of pi financial Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA186419) Financial Conduct Authority. Willow Financial Solutions Ltd is registered in England at Willow Financial Solutions Ltd, 319a Uttoxeter Road, Blythe Bridge, Stoke-on-Trent, Staffordshire, ST11 9QA. Registration No. 9837053 pi financial Ltd is registered in England at Morfe House, Belle Vue Road, Shrewsbury, SY3 7LU. Registration No. 3556277

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