The value of investments can go down as well as up, and the investor could get back less than was paid in. Laws and tax rules may change in the future. Personal circumstances and where the investor lives in the UK will also have an impact on tax treatment.

Choose your module

Certificate

Pension annual allowance

The annual allowance effectively acts as a cap on the amount of tax relievable pension savings a person can make. Exceeding the allowance results in a tax charge intended to wipe out the benefit of tax relief. In order to maximise pension savings, it’s essential that advisers fully understand how the annual allowance rules operate.



Start the module
90 CPD minutes

Helpful resources

Certificate

Individual pension contributions

Pensions are the most tax efficient way to save for retirement. Tax relief on contributions combined with virtually tax free investment growth and the ability to access a quarter of the fund tax free make them the ideal for this purpose. But how much an individual can contribute to their pension may be limited by their earnings and allowances. In order to maximise pension savings it is essential that advisers fully understand how much an individual can pay into their pension.


Start the module
30 CPD minutes

Helpful resources

Certificate

Employer pension contributions

Employer pension provision is a valuable benefit for employees and also an extremely tax efficient way for business owners to extract profits from their business. Understanding when the business will benefit from tax relief on employee contributions and how it is provided is essential for advisers who have business owning clients.


Start the module
30 CPD minutes

Helpful resources

Certificate

Pension salary sacrifice

Salary sacrifice is a tax efficient way of saving for retirement. It offers benefits for both the employee and employer. It’s important that an adviser can clearly explain the benefits that salary sacrifice can offer and the different options available. It’s also useful to know the potential pitfalls an individual might face after entering into a salary sacrifice arrangement.


Start the module
60 CPD minutes

Helpful resources

Certificate

Recycling tax free cash and income

The availability of tax relief on contributions makes pensions the most tax efficient way to save for retirement. To prevent clients getting tax relief twice on their pension savings, there are restrictions on taking money out of pensions and reinvesting it back into a pension. It’s therefore important that advisers understand the rules surrounding this to ensure clients don’t incur tax charges.


Start the module
30 CPD minutes

Helpful resources

More resources for advisers

Other CPD learning modules

Choose from our range of learning modules on a range of topics from pension funding and personal taxation to investment bonds and LTA.

Browse all CPD topics

Techzone

Techzone offers you support on the pensions, taxation and wealth transfer issues that matter to you, compiled by our expert team.

Launch Techzone

Help and support

You can find answers to a wide range of popular policy, product and servicing questions in our help and support section.