Dave Downie explains why now is the optimal time to make use of past pension allowances
Now may be the right time to play catch up for any clients who've neglected their pension savings in recent years or have relied solely on their employer's scheme to provide for them in retirement. The new pension freedoms have provided a fresh incentive to save for retirement. Unlimited access without the need to buy an annuity and the inheritability of pension wealth are just some of the reasons why some people have rekindled their interest in pensions. This could open up a new seam of clients looking at ways to maximise their pension contributions. And it may be an opportunity to m...
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