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tivial pension worthwhile ?
luckyme_2
Posts: 11 Forumite
Im 54 and self-employed. The only pension I will receive will be from the state.
If I take out a private pension e.g. a stakeholder, before April, is there a limit to how much I could invest this tax year (to avoid paying income tax)? I earn about 16k a year.
I am leaving the U.K. in October so I will not earn enough from April to take advantage of the trivial aspect.
The idea is to invest up to the 15k limit for trivial pensions so I can have the option in 10 years time to cash it in - is this possible?
thanks for your time.
If I take out a private pension e.g. a stakeholder, before April, is there a limit to how much I could invest this tax year (to avoid paying income tax)? I earn about 16k a year.
I am leaving the U.K. in October so I will not earn enough from April to take advantage of the trivial aspect.
The idea is to invest up to the 15k limit for trivial pensions so I can have the option in 10 years time to cash it in - is this possible?
thanks for your time.
0
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