4 Ways HENRYs Can Utilize Their Pension to Retain More of Their Six-Figure Incomes
A £100,000 salary isn’t what it used to be, after tax and other penalties. But by putting some of your current earnings into a pension, you can end up holding onto more of your income in the future.
High Earners but Not Rich Yet (HENRYs) face the reality that their six-figure salaries don't stretch as far as expected due to taxes and other penalties.
- Brits earning six-figures are finding their salary doesn't meet expectations.
- Smart use of pension saving can help protect their money.
Earning power of £100,000 is often seen as a benchmark of wealth.
However, for HENRYs, the reality can be far less luxurious than imagined.
Author's summary: HENRYs can retain income using pensions.