01628 480200 enquiry@ajwealth-management.com Home About Us Our Services Active Portfolio Management Finance News Knowledge Centre Contact Us Pensions At A&J Wealth Management, we assist people in optimising their retirement planning strategy. We are specialists in helping individuals and couples with accumulated pension savings who require analysis of their existing plans, as well as ongoing active management. If you would like to speak to someone about your retirement plan, please do not hesitate to give us a call or enquire here. How Pensions Work Each contribution you make to a pension from earned income qualifies for tax relief at your marginal rate of 20%, 40% or 45%. You can put up to 100% of your annual salary into a pension plan, subject to a maximum of £40,000, with the potential to carry forward unused allowance from the three previous tax years, if your earnings exceed this. If you happen to earn over £110,000 a year, then pension funding does get a bit more complicated, and if you've built up a pension fund worth more than £1 million, then things get a bit more complicated still. Of course, these are nice problems to have - but they need careful handling. Our Knowledge Centre delves further into each pension type such as defined contributions pensions and defined benefit pensions. If you're looking for more relevant details on your personal situation, please get in touch and one of our advisers would be glad to provide a free consultation to find out which solution will work best for you. © 2021 A&J WEALTH MANAGEMENT LTD A&J Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register, no 428590, at www.fca.org.uk/register Registered in England, Company no: 5105933. Registered Head Office: Sawfords, Bigfrith Lane, Cookham Dean, Maidenhead, Berkshire SL6 9PH Click here to view or download our Privacy Notice. Accept Decline All Cookie Settings We use cookies and similar technologies to enable services and functionality on our site and to understand your interaction with our service. By clicking on accept, you agree to our use of such technologies for marketing and analytics.See Privacy Policy