New pension tax relief auto calculator

Further to our post budget article in April 2014, HMRC have an updated calculator to work out the annual allowance for tax relief on pensions. Since tax relief was reduced from 6 April 2014 from £50,000 to £40,000 per annum there may be the need to carry out calculations taking into account any unused allowances carried forward from the previous three years, to maximise your investment. As is the nature of online calculators there are a number of criteria required for the results to be accurate and it is always best to seek the assistance of a financial advisor before proceeding. Figurit has a great relationship with a specialist dental and medical financial advice firm who will offer excellent guidance around pensions and can ensure you are maximising and protecting your wealth. Contact us to get connected.