rotator3

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 'methods' 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 pensions:

  • 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 – this is now the State Second Pension (S2P). Suffice it to say the State Pensions are at a modest level and are amongst the lowest in Europe.
  • An Occupational Pension (through an employer pensions scheme) – if your employer operates a pensions scheme, it's usually a good idea to join the scheme. However, not all schemes are alike and therefore it is recommended to discuss this with your adviser before taking any action.
  • A Personal Pensions Scheme (including Stakeholder schemes) or Self Invested Personal Pension – open to nearly everyone and especially useful if you are self-employed or your employer doesn't run a company scheme.


The Financial Services Authority does not regulate taxation advice