tax efficient savings for 'top up' pension

jem16

Tax changes in Gordon Brown's last budget will mean that the tax-free allowance for pensioners will rise to approx £10k - still to take effect though from around 2009/10.

bcfcjwb1

Thanks for that.

Any idea where I can get more information?

Thanks in advance.

royeee

jem16 wrote: »

You don't need to have them at the same place and most wouldn't as it's best to avoid bank's products for investments.

What is the rationale in terms of avoiding 'bank's products'?

dunstonh

royeee wrote: »

What is the rationale in terms of avoiding 'bank's products'?

Because they are virtually all expensive and poor quality. Even the banks that retail a named insurance company products are retailing more expensive versions or cut down versions of the whole of market version.

jem16

bcfcjwb1 wrote: »

Thanks for that.

Any idea where I can get more information?

Thanks in advance.

There's a few articles if you do a google search for "pensioners' tax free allowance"



http://business.guardian.co.uk/budget2007/story/0,,2039267,00.html