From traditional investment instruments such as stocks, bonds, and mutual funds to emerging opportunities in sectors like sustainable energy and technology, Lexo ensures that investors have access to a well-diversified portfolio tailored to their unique circumstances.
As a general rule if you are a UK resident taxpayer under the age of 75, you can contribute into a pension, the net equivalent (i.e. 80% of), your earnings (including the value of any benefits in kind) or your self employed net profits, up to a maximum of the pension annual allowance which is currently £60,000 (unless you earn over £200,0000 when it might reduce, if you think this may effect you contact email@example.com for more information.
If you are not earning enough to pay income tax, you can still receive tax relief on your pension contributions and if you have no earnings, you can still pension up to a maximum of £2,880 a year and have 20% tax relief added to your contribution paid by HMRC, Lexo takes care of all of this.
Because personal pension payments are considered net investments, which means pension payments are generally paid with after-tax money, Lexo automatically claims 20% of your contribution from the HMRC on your behalf.
If you are a Higher Rate Tax payer, or Additional Rate Tax payer, further tax can be reclaimed from HMRC either by completing a self-assessment form, or by writing to HMRC, contact Lexo for more information.
Growth of the pension fund is tax-free, and starting a new pension, or switching your pension provider to Lexo is straightforward and simple, so this makes a Lexo pension an attractive investment to help secure your future retirement.
A pension may not be right for everyone and tax rules may change in the future. If you are unsure if a pension is right for you, please seek financial advice. Please note that during any transfer, your investments will be out of the market.
Lexo is the trading name of Lexington Wealth Management Ltd. (registered number 05503144). Lexington Wealth Management Ltd. is authorised and regulated by the Financial Conduct Authority (No. 440099).
With investment, your capital is at risk. The value of your portfolio with Lexo can go down as well as up and you may get back less than you invest. It is important that you understand the risks. Lexo aims to provide information to help you make your own informed decision. It does not provide personal advice based on your circumstances. If you are unsure, please seek personal advice from Lexington Wealth.
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