Paul Humphreys’ Post

Find out more about pension tax relief, who is eligible and how to claim.

Find out more about pension tax relief, who is eligible and how to claim.

Find out more about pension tax relief, who is eligible and how to claim.

Did you know that taking your pension as a lump sum could leave you with a huge tax bill? Read our blog, linked below, to find out what you need to know about tax and withdrawing lump sums from your pension.

*Secure Your UK Pension Tax-Free – Book a Complimentary Consultation Today!*     Are you aware that if you have a UK pension, you may be liable for UK income tax, regardless of where you reside? Fortunately, there is a valuable opportunity for residents of GCC countries to obtain a full income tax exemption on their UK pensions.    We have collaborated a multitude of Chartered and Regulated firms who specialize in navigating the complexities of UK pension tax regulations and have successfully helped numerous clients apply for tax residency certificates and submit the required forms to HMRC. With this, you could access your pension tax-free while enjoying the benefits of being a GCC resident.    *Why Act Now?*   - *Immediate Access:* If you are over 55, you can unlock your UK pension without any tax deductions. Imagine the possibilities when you have full access to your hard-earned savings!   - *Plan Ahead:* For those approaching 55, starting the process now is crucial. It can take time, and being prepared means you’re ready to take full advantage as soon as you’re eligible.   - *Upcoming Changes:* The anticipated Budget on October 20th is expected to bring significant tax changes, especially targeting wealthy pensioners and expats. It’s more important than ever to review your options and protect your wealth.   We are offering a *complimentary Teams meeting* with a qualified senior specialist, who can guide you through this process and answer any questions you may have.   Don’t wait—book your free consultation now and secure your financial future!   *Comment or Send me a private message and I can organise this for you and send over some more reading material.*

Do you know these 3 important tax rules that could affect your pension? 🤔 1. You may pay Income Tax when drawing from your personal pension pot 2. Your defined benefit pension may attract Income Tax too 3. If you have multiple sources of income, these are combined to form your tax liability in retirement Click the link below to find out more. 👇

Did you know that taking your pension as a lump sum could leave you with a huge tax bill? Read our blog, linked below, to find out what you need to know about tax and withdrawing lump sums from your pension.

Did you know that taking your pension as a lump sum could leave you with a huge tax bill? Read our blog, linked below, to find out what you need to know about tax and withdrawing lump sums from your pension.

Did you know that taking your pension as a lump sum could leave you with a huge tax bill? Read our blog, linked below, to find out what you need to know about tax and withdrawing lump sums from your pension.

On 6 April 2024, significant changes in the UK pension #tax framework took effect. The Lifetime Allowance (LTA) is being replaced by the Lump Sum Allowance (LSA), Lump Sum and Death Benefit Allowance (LSDBA), and Overseas Transfer Allowance (OTA). These changes aim to simplify and provide clarity on #pension withdrawals and #transfers. Understanding how these adjustments affect your pension planning is crucial. Stay informed with Pareto Financial Planning and visit https://lnkd.in/eJxHxZ3v #PensionPlanning #TaxUpdates #FinancialAdvice