Redego clients can significantly reduced the deductions made by the taxman using what is known as a ‘salary sacrifice’ arrangement. We can have funds transferred from your gross income into the Redego Group Personal Pension scheme and the taxman won’t receive a penny of this money.

These transfers to the pension scheme represent a key way to ensure that you work as tax efficiently as possible through Redego.

There are no set up costs whatsoever to join the pension and because you reduce not only income tax but also employers and employees National Insurance as well the Redego scheme is far more lucrative than any alternative or existing arrangements you may have access to. The effective rate of deductions saved, even for basic rate taxpayers, is 38% and will be even greater for those who pay higher rate income tax.

Joining the scheme couldn’t be easier via telephone, post or email and you can stop contributions at any time without charges from the pension provider. Should you eventually leave Redego your fund can continue to be added to via a personal investment, can be left invested or can be transferred out to another pension scheme where appropriate.

Contact Andrew Gains at IFAs ContractorFinancials today on 0845 062 8888 or email andrew@contractorfinancials.com for further details.

INVESTMENT OPPORTUNITY: Andrew views current market fluctuations as a buying opportunity for regular monthly investor – ‘unlike a lump sum investor who is far more at risk of the problems associated with investment timing, our pension investors make regular investments each month and can actually gain as a result of market of markets rising and falling. You buy more units in the pension fund when prices are lower which compensates for the months when units were more costly and in the long run they have these extra units to their name when a recovery in prices occurs’.