As I have just explained in my last post, the 5th April 2009 will spend the end of tax year, and therefore if you are wanting to maximise your pension contributions for the year, you may want to get in touch VERY soon.

If you have a lump sum that you are willing to invest, you are actually able to benefit from the very generous levels of tax relief afforded to pension contributions.  For higher rate tax payers in particular it can make a VERY attractive investment opportunity with tax relief of up to 40%.

In most cases the level of basic rate tax relief is reclaimed on your behalf by the pension provider, so in order to invest a single premium of £10000, you need only write a cheque for £8000, and if applicable the difference between basic rate and higher rate tax, is claimed via your tax return.

Obviously the tax relief can equate to quite a substantial amount of money, and while investment returns, and rates of interest on deposit savings have been poor of late it can appear an attractive proposition, subject to personal circumstances and attitude to risk of course!

For more information we are available to discuss your personal situation in more depth.  Please contact us on 01482 658989 or fill in or contact form and we will be in contact shortly:

http://www.kirkellainvestments.co.uk/contact.asp

Shane Beardsley
Managing Director / Independent Financial Adviser
Kirk Ella Investments Ltd