Pensions

Pensions are, of course, designed to enable you to save sufficient money to live comfortably after you have retired from work.
There are many different 'tools' used to save for retirement and the taxation and investment elements of pensions can appear baffling. We specialise in explaining, recommending and monitoring pensions for you. Below are the most common sources of pension to fund for your retirement.

The Basic State Pension
For people who have paid sufficient National Insurance contributions while at work or have been credited with enough contributions.

Additional State Pension
The additional State Pension is known as the State Second Pension, reformed to provide a more generous additional State Pension for low and moderate earners, carers and people with a long term illness or disability.

An Occupational Pension (through an employer pensions scheme)
If your employer operates a pensions scheme, it's usually a good idea to find out about the benefits of the scheme.

A Personal Pensions Scheme (including Stakeholder schemes)
Open to nearly everyone and especially useful if you are self-employed or your employer doesn't run a company scheme.

State Pensions may not produce the same level of income that you will have been accustomed to whilst working. It's important to start thinking early about how best to build up an additional retirement fund. You're never too young to start a pension - the longer you leave it the more you will have to pay in to build up a decent fund in later life.

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