Investing for Retirement
Investing for retirement
 is not just about putting money into a pension plan - it matters less how the money is held than that there is enough of it. Pension plans have the benefit of attracting income tax at the highest marginal rate and growth is free from additional UK taxes. At retirement, however, the balance remaining after the tax free cash of 25% has been withdrawn, must be used to provide an income and this is then taxed. For many, the tax rate in retirement will be much lower than their marginal rate whilst working.
