greenbridge
New Member
- Messages
- 3
Hi
Longtime observor of ask about money, some great advice here
I have a company pension that I pay 5% of my income and my company matches this. I am over 50 and would like to maximise my contributions for tax reasons ( higher rate taxpayer) and to start pumping more in.
my question is do I have to put my extra contributions into the company pension or can I set up a separate private pension with more competitive charges etc? I am aware I will have to do a yearly return to avail of the tax relief ( I do this anyway as I recently had a rental property )
My spouse does not have a pension, she is mid forties and never started a private pension and is keen to start one now. Her workplace does not provide a pension or match any contributions so she would have to set this up herself.. can I check if we do get one set up soon, can she put in a full contribution for the year 2021 as her opening payment? and start monthly payments going forward.
can we set this up ourselves or are we better going for professional advice?
Longtime observor of ask about money, some great advice here
I have a company pension that I pay 5% of my income and my company matches this. I am over 50 and would like to maximise my contributions for tax reasons ( higher rate taxpayer) and to start pumping more in.
my question is do I have to put my extra contributions into the company pension or can I set up a separate private pension with more competitive charges etc? I am aware I will have to do a yearly return to avail of the tax relief ( I do this anyway as I recently had a rental property )
My spouse does not have a pension, she is mid forties and never started a private pension and is keen to start one now. Her workplace does not provide a pension or match any contributions so she would have to set this up herself.. can I check if we do get one set up soon, can she put in a full contribution for the year 2021 as her opening payment? and start monthly payments going forward.
can we set this up ourselves or are we better going for professional advice?