Future Value of Investment for pension investment
This is an example which was created for illustrative purposes only.
〰️
This is an example which was created for illustrative purposes only. 〰️
We have assumed the tax relief is equivalent to what taxpayer you are.
If you are basic rate tax payer: you can get an extra 20% on your pension contributions
If you are higher rate tax payer: you can get an extra 40% on your pension contributions
If you are additional rate tax payer: you can get an extra 45% on your pension contributions
The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.
Approver Quilter Financial Services Limited & Quilter Mortgage Planning Limited 6/6/2022