Pension & Retirement
What You Need To Know
We are now living longer, than other generations and this will continue to increase. For some people the State pension is sufficient to provide a basic level of income, but most people will want to supplement what they have with some form of pension scheme.
A pension is simply a long-term savings plan, with tax relief on the money you save. The amount of tax relief you can get depends on your age and the amount you earn.
The type of plan you need will depend on your work situation.
Employees in the private sector
Employees in the public sector
Personal Retirement Savings Accounts are open to virtually anyone
When you reach retirement, there are still some options to consider and we are here to help you through the process. How you take your retirement benefits will vary depending on the following;
The size of your retirement fund.
The level of income you would prefer during your retirement years.
Your age and state of health.
Other assets at your disposal, including the State Pension.
Your preference in relation to risk and security.
Your preference in relation to passing on your fund when you die.