What tax bracket are you in?

If you are a 40% tax payer you'll get the 40% tax relief, Which is nice? The good thing about these is the annual fee is only one and a half percent, then one percent after 10 years which in todays pension markets is very good! Your minimum payment has to be ?20 a month, When it comes to retirement you can take 25% of the fund out, tax free. . which can always come in very handy when it comes to retirement. If memory serves you have to start drawing it by 75, earliest you can start is 55. Although it might be worth waiting a little bit to see what the goverments new personal accounts scheme is like mate. Hope that helps

Posted By: Alan, Oct 5, 14:57:44