Pay No Tax and Boost Your Pension

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In these uncertain times it is never too late to start taking control of your financial destiny and if you can do it risk free and get the government to pay you to do it, there is no time to lose!

Incisive, honest and essential, Clem Chambers’ 101 Ways to Pick Stock Market Winners is the Amazon-bestselling investing guide for all future market millionaires

If you are coming up to retirement age or if you are smart enough to be worrying about your ahead of time, you will no doubt be worried about your pension prospects.

So the prospect of paying no tax and boosting your pension can’t be true right, can it?

Wrong, you can do it and the tax man encourages it.

Here’s what you need to know:

Pensions used to be a secure prospect, but now they seem like a distant mirage for many.

Even if you’ve have paid into a scheme for decades your pension prospects are wracked with uncertainty. Pensions are not only beyond most peoples control but subject to sudden and drastic changes brought on by the economy, rule changes and many suspect manipulation by pension companies themselves.

    • Wouldn’t it be nice if you could control your own pension?
    • Wouldn’t it be nice if the government gave you tax breaks if you had such a pension fund?
    • Wouldn’t it be nice if you could fund it pretty much however and whenever you liked?

 

It is called a SIPP, a self-invested personal pension. You can open one today. It’s a government scheme designed to empower people to save for their retirement.

The thing that people do not understand is that if you pay into a SIPP the government will refund you a percentage of the money you put in to the SIPP in cash. In theory you could put a lump sum into a SIPP and get back all the tax you paid that year!

This could happen. An inheritance for example could easily achieve this.

But how does that help you with stocks and shares?

You can invest in stocks and shares in a SIPP. The question is, how can you learn to invest like a pro risk free? Simple – you can use the internet.

For example, ADVFN one of the biggest stocks and shares information website in Europe and has all the information you could possibly need to pick shares. The site is FREE for what you need, so no risk there.

The trick is, one of its free features is a portfolio facility that lets you enter investments into it even when you have not actually bought them.  If you thought Vodafone was a good investment you could enter it into the portfolio just like you would if you had actually bought it.

This is called paper trading. No real money is involved. You can pick stocks as if you were really investing for real and track your success or failure as time passes.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments

  1. noddy says:

    smells like curry
    smells like curry

  2. Nick Pearce says:

    This is a blatant advert for some financial copany. I’ve been stung yetagain and it always seems to be the bigger companies. I wouldn’t trust a financial service wallah as far as I could spit.

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