I want to invest in the stock market as a pension, run and managed by myself. So I would be taking a portion of my salary and putting it into a seperate account used only for investing in stocks/bonds and maybe some more property.
The account would be purely for retirement and not used for any other purpose. I will not be taking any return from these investments until my retirement so it will not be an additional income.
I already own my own home and am currently acquiring a foreign property.
My question is would i be able to take this money from my salary as a pension deduction? If i wasn't able to do so i would be taxed through paye and then again in capital gains tax? Is that correct?
Advice is much appreciated. I'm not very sure on pensions.
The account would be purely for retirement and not used for any other purpose. I will not be taking any return from these investments until my retirement so it will not be an additional income.
I already own my own home and am currently acquiring a foreign property.
My question is would i be able to take this money from my salary as a pension deduction? If i wasn't able to do so i would be taxed through paye and then again in capital gains tax? Is that correct?
Advice is much appreciated. I'm not very sure on pensions.