11/03/2026
I haven’t posted in a while, but two conversation I had this week felt worth sharing. Saving a particular client £11,000.
This seems to be a common trend thanks to non qualified social media posts.
Sometimes a short discussion can make a big difference.
Scenario:
👤 Client:“I’ve been putting £60,000 into my pension each year before 5 April to use my annual allowance.”
💬 Me:“That can be a good strategy for some people. Just out of interest — have you earned at least £60,000 in those years?”
👤 Client:“No… I didn’t realise that mattered.”
💬 Me:“It often does. Pension contributions and tax relief are commonly linked to your earnings, so it’s important to check how the rules apply to you.
If contributions exceed the amount eligible for tax relief, it’s possible that relief applied to the pension could be reclaimed by HMRC, meaning an unexpected tax charge.”
👤 Client:“Oh… I thought I was being tax efficient. I read about it online.”
💬 Me:“Doing your own research is a great start 👍The challenge is that pension rules can be more complex than they first appear, and what works well for one person may not work the same way for someone else.”
💡 A good reminder:Sometimes we simply don’t know what we don’t know.
A short conversation can occasionally highlight things that might otherwise be missed.
**This post is for general information only and does not constitute financial advice. Tax treatment depends on individual circumstances and may change.**
✅️ Long and short of this post is, it doesn't hurt to check with a Financial Planner 1st.
I'm always a call away.
Saving Money is important, paying someone to do so saves you more than making the irrevocable mistake. So don't burn your cash!
