Pensions

“Live life to the full in Retirement”

Retirement

PensionsMost people recognise that it is wise to plan for their retirement. This is especially true for those who are hoping to retire before the usual State Retirement ages.

Putting aside a regular amount of money during your working life is probably the best method to ensure that you will have sufficient income during your retirement. Investing into a Pension plan has historically been the most popular method of making these regular commitments.

The tax advantages offered by the UK Government provide the opportunity for your Pension Fund to grow with virtually no tax. You are also currently allowed to draw a significant amount of your pension fund as a lump sum with no tax payable.

Recent legislation has seen a complete overhaul of the pension rules as we previously knew it. As such, this has now become an area of financial planning in which it is essential to take professional advice.

It is becoming increasingly popular for people to use other methods of saving money for their retirement, such as ISA’s and property. If you would prefer to use alternative arrangements other than Pensions please refer to the sections of this website dedicated to Savings or Investments.