Maximising pension contributions

clock

Brian Davidson highlights the attractions of maximising pension contributions in tax year 2012/13

Over recent years, there have been a number of attacks on the pension tax reliefs, culminating with the announcement in the 2012 Autumn Statement that the annual allowance and the lifetime allowance will be reduced to £40,000 and £1.25 million respectively from 6 April 2014. Despite the reductions in the pension tax reliefs, pensions generally still are the most tax-efficient means of providing for retirement and full advantage should be taken of such reliefs in 2012/13 tax year. Any pension contributions paid personally will normally be tax relievable at the highest marginal rate(s) ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Beyond London: Adviser opportunities in regional investment

Beyond London: Adviser opportunities in regional investment

Hugi Clarke unpacks the regional growth agenda

Isabel Baxter
clock 31 July 2026 • 1 min read
Looking beyond the oil shock

Looking beyond the oil shock

'A few weeks ago, there was genuine reason for optimism'

Fahad Hassan
clock 27 July 2026 • 4 min read
What does a new PM and chancellor mean for investments?

What does a new PM and chancellor mean for investments?

'What is important is what happens over the long term'

Jasper Thornton Boelman
clock 23 July 2026 • 4 min read