People 'should take advantage of company pensions'

As part of their plans to become more tax-efficient, it might be a good idea for consumers to take advantage of any company pension schemes which are currently accessible to them, one firm has suggested.

According to Fidelity International, tax relief on contributions may be provided to people who choose to invest in these schemes.

In addition to this guidance, the company noted that self-invested personal pensions could be adopted by consumers who are keen to plan towards their future retirement years.

It added: "Our research shows that 10% of the UK population has no pension at all and a further 36% only has the basic state pension."

ISA allowances should also be fully utilised by those who possess these tax-efficient savings accounts, Fidelity International continued.

Earlier this year, savers with ISA products were encouraged by the company's Head of Personal Investments, Rob Fisher, to start investing their money at an early stage in the tax year.

Posted by David Shuker.