The September 2022 Mini Budget was described by some as the “KamiKwasi” Budget. Whilst we won’t comment on that description, we thought it important to look at the pension funding opportunities that will exist up until April 2023.
Unique Pensions Planning Opportunities
Included in the video below is a reminder on how the tax relief system works when making pension contributions and how, in many cases, this provides planning opportunities that are difficult to match anywhere else in our financial system.
We cover the following:
0:00 – Introduction to Income Tax rate changes announced in the Mini Budget
1:35 – Marginal Income Tax rates and pension planning opportunities
3:40 – How tax relief works when making pension contributions
9:50 – Can you take advantage of “Carry Forward”?
If you have any questions about pension planning, please get in touch and we’d be happy to help.
