Tristan Noyes looks at some key tax rules and important points to remember on pensions.
Most people know the importance of saving for retirement. The tax relief on pensions is designed to encourage us to save more.
The government encourages us to save for our retirement; auto-enrolment makes it easy for employees to join pension schemes, and contributions are very tax-efficient. The introduction of lifetime individual savings accounts in 2017 was an additional tool to encourage us to save for the future.
