A pension is fundamentally a savings pot with tax relief, which you and your employer(if you are employed) pay into to finance your retirement. A workplace pension means your employer contributes to this too so your pot can begin to grow. For those who are self employed one of the key benefits in having a pension is tax relief. It’s worth thinking about pensions and investments as early as possible to start planning for your future. Of course pensions are just one way of planning for retirement and our team of experts can talk you through investment opportunities and assess what would be suited to you (considering your situation, attitude to risk, etc).
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.