Hi,
This is a general question but I am looking for some advice, so cheers for the info:
My mother is retired (took early farmer retirement) but has income of about 30k which she pays tax of about 3,000. She is around 60.
So I was thinking if she opened a pension she could possibly reduce here tax bill and it would leave her with a small pension in a few years. The duration of the pension will be for about 5 years so is this a crazy idea at her age and will this effect her entiltments she could claim when she is 65.
Deciding on a pension is another days work!!
Thanks
This is a general question but I am looking for some advice, so cheers for the info:
My mother is retired (took early farmer retirement) but has income of about 30k which she pays tax of about 3,000. She is around 60.
So I was thinking if she opened a pension she could possibly reduce here tax bill and it would leave her with a small pension in a few years. The duration of the pension will be for about 5 years so is this a crazy idea at her age and will this effect her entiltments she could claim when she is 65.
Deciding on a pension is another days work!!
Thanks