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 wwfs@wardwilliams.co.uk.
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