4 Ways HENRYs Can Optimize Their Pension
A £100,000 salary has diminished in value due to tax and other penalties. However, contributing to a pension can help retain more of your income in the future.
For individuals classified as 'HENRY' – High Earners but Not Rich Yet – understanding the benefits of pension savings is crucial. Despite earning a six-figure income, many Brits find their salary does not stretch as far as expected.
Smart use of pension saving can help protect the money in their pockets.
Earning £100,000 is often perceived as a benchmark of wealth, but the reality for HENRYs can be less luxurious than imagined.
Author's summary: HENRYs can retain income via pensions.