After maxing out ISA S & S

MarcoM

Hi,

I have maxed out my ISAS.
I was wondering if it would be worth sinking more money into
a private stakeholder pension fund I have with HSBC. This was frozen four years ago when I joined an occupational scheme.
I know there are tax advantages for doing so but I wanted to know if other people had done the same with their spare money.

Thanks

bigadaj

Certainly can do and you can claim the tax relief, so get a refund or tax contribution.

The stakeholder may not be the cheapest option in terms of fees, so it would be worth investigating other options such as a personal pension which can be cheaper and give you a good choice of investing in funds for example.

MarcoM

bigadaj wrote: »

Certainly can do and you can claim the tax relief, so get a refund or tax contribution.

The stakeholder may not be the cheapest option in terms of fees, so it would be worth investigating other options such as a personal pension which can be cheaper and give you a good choice of investing in funds for example.

Thanks.

Does that mean I need to submit a self assessment to claim tax relief?

xylophone

http://www.hmrc.gov.uk/incometax/relief-pension.htm