Pension Help
bawbeesaver
Posts: 8
Forumite
I have an endowment that I used to use for my mortgage - before I got the shortfall letter. I converted to a repayment mortgage but kept paying the endowment as a savings plan.
Can I do something to get pension savings tax relief from this endowment?
Can I do something to get pension savings tax relief from this endowment?
0
Comments
-
No.It's an endowment, not a pension.
To get pension tax relief you would need to surrender it and reinvest the money in a pension tax wrapper.Trying to keep it simple...0
This discussion has been closed.
Categories
- All Categories
- 342.5K Banking & Borrowing
- 249.9K Reduce Debt & Boost Income
- 449.4K Spending & Discounts
- 234.6K Work, Benefits & Business
- 607.1K Mortgages, Homes & Bills
- 172.8K Life & Family
- 247.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards