Pensions: What are the options?
What are the options when it comes to pensions?
HENRY Guide
Practical, upmarket financial and lifestyle guidance for high earners. Articles on childcare for busy professionals, private school fees and planning, tax-efficient investment structures, and lifestyle services tailored to affluent households.
How to reduce your income
There are cases where you might like to reduce your income, taxable income or adjusted net income
Share schemes: An overview for employees
Delving into the different types of share schemes available to employees.
Upcoming changes
Keep plans agile ahead of rule changes.
6 April 2026
VCT
VCT tax relief drops from 30% to 20%
New Venture Capital Trust subscriptions completed after 6 April only attract 20% income tax relief, so consider finalising allocations soon if you still need the 30% rate.
View change on .gov websiteDividends
Dividend tax rates increase
Basic-rate dividends will be taxed at 10.5% and higher-rate dividends at 35% from the new tax year, so consider accelerating distributions or using remaining allowances beforehand.
View change on .gov website6 April 2027
ISAs
Cash ISA allowance drops to £12,000
Only £12,000 of the £20,000 ISA allowance can sit in Cash ISAs from April 2027, with the remaining £8,000 reserved for Stocks & Shares ISAs.
View change on .gov websiteSavings & Property
Separate savings/property tax bands arrive
New savings and property income bands introduce 2 percentage point increases across basic, higher, and additional rates.
View change on .gov website6 April 2029
Pensions
Salary sacrifice pension cap
HM Treasury will cap salary sacrifice pension contributions at £2,000, so review how this impacts bonus deferrals and monthly saving plans before payroll updates land.
View change on .gov website