P
PatrickB
Guest
Im new to this but i would like to find out about a pension?
Im 37 and a sole trader i dont have a pension but would like to start one.
My accountant says if i start one then i get half of it back in taxes.
So if i put in say 7500 the government gives me 2500 towards it.
And that means i get half of the 7500 back?
So i only pay 3750 and i get 10000 in my pension?
Is this correct?
Does it help with the mortgage? Also who is best to get a pension from? Any advice would be much appreciated.
Thanks Patrick
Im 37 and a sole trader i dont have a pension but would like to start one.
My accountant says if i start one then i get half of it back in taxes.
So if i put in say 7500 the government gives me 2500 towards it.
And that means i get half of the 7500 back?
So i only pay 3750 and i get 10000 in my pension?
Is this correct?
Does it help with the mortgage? Also who is best to get a pension from? Any advice would be much appreciated.
Thanks Patrick