How paying into a Sipp or work pension by 5 April can cut your tax bill – Accountant Log
1 Articles
1 Articles
How paying into a Sipp or work pension by 5 April can cut your tax bill – Accountant Log
Key Benefits of Increasing Retirement Savings Increasing retirement savings can have numerous benefits for individuals, particularly those nearing retirement age. By diverting more of their earnings into their retirement pot, individuals can take advantage of tax benefits and avoid reducing their child benefit entitlement. • Tax benefits: Diverting more of one’s earnings into retirement savings can keep income below income tax thresholds, which …
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