There is a little known tax perk which cuts the cost of financial advice by up to £310 a year. It is in respect of legislation that came in to force last November in respect of pension advice vouchers. Employees can swap up to £500 of their pay each tax year for a pension advice voucher through salary sacrifice. The voucher can then be used to obtain financial advice about any sort of pension – it does not have to be about their company scheme.
Not all employers are currently offering the scheme. Employees who feel that it would be beneficial to them, are encouraged to talk to their employers
For more information please do not hesitate to contact the team at Ward Williams Financial Services Ltd on 01932 830664 or by email on firstname.lastname@example.org.