Whether you save AVCs on a regular basis or as a lump sum once a year (before the tax deadline), really depends on your financial circumstances. For many people, paying a mortgage may take priority, but for some heading into retirement, they may wish to increase their retirement savings for their future. In this case, saving AVCs will help reduce tax liability and provide a more comfortable retirement financially.
The past three years (a “hard” Brexit and Covid-19), has not only been a daily challenge, but new obstacles to success appear and disrupt whatever headway many of us had made – ongoing war in Ukraine, inflation and spiraling energy costs.
Employers are competing for a limited pool of skilled labour and this impacts business contingency planning. This is why we believe that pensions should be part of every successful business plan.
The CERS Trustee Annual Report 2021 is now available.