Pension Contributions - tax breaks 2021.22

Most of your clients who are serious about providing for retirement will have a pension fund and be making regular contributions.

Those who have not yet committed to this process will appreciate a copy of this publication. It highlights:

  • Limits on tax-relieved contributions.
  • Details of the annual allowance.
  • Employer contributions.
  • Unused allowances from earlier years.
  • Limits on lifetime savings.
  • The case for making additional contributions.

Ideas for using this publication:

  • Use as a client information update to promote a pension’s review as part of an annual tax planning exercise.
  • Send a copy to staff to update knowledge and send to their contacts.
  • Provide a branded PDF copy to IFAs and other professional introducers to send on their clients.

Word count: 867

Other Spotlights publications available to subscribers

EU e commerce changes July 2021
Working from home - tax breaks 2021-22
Off-payroll working changes - from 6 April 2021
Trivial benefits - tax-free benefits 2021-22
Extracting company profits - strategies for 2021-22
New to self-employment - tax and NIC 2021-22
Utilising COVID tax losses 2021-22
Capital expenditure - tax breaks 2021-22
Incorporating a property business - 2021-22
Making the most of digital accounting 2021-22
Staying ahead of business challenges 2021-22
Why tax planning is a sound investment 2021-22
New business challenges in the post-COVID economy 2021-22
Business exit challenges in a post-COVID economy
Creating multiple income streams 2021-22