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Personal Pensions - what you need to know
The individual and group pensions market is an ever changing world, with new legislation being brought out on a regular basis, it is difficult to keep track of what options are available with regard to your retirement planning. Hopefully within this section of our website we can explain many of these options in plain simple language and help you plan for your future. This information is purely intended as guidance and therefore if you require any specific advice please contact us directly for independent financial advice.
The value of your pension can fall as well as rise and you may not get back the original amount invested.
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| What is a personal pension? |
| The fundamentals of a pension plan are very simple. You put money into a savings fund, it hopefully grows in value and at retirement you convert the fund into a regular income payment, which will replace part, or all, of your earnings from employment. read more.. |
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| Pensions And Divorce |
| In 2008, the divorce rate in England and Wales fell to 11.2 divorcing people per 1,000 married population compared with the 2007 figure of 11.8, a fall of 5.1 per cent. (Source: National Office of Statistics 2010). Like it or not, with pensions being most people's second biggest asset, a major consideration is always going to be pension benefits. read more.. |
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| Understanding Personal Pensions |
| Personal pensions may be suitable if you're employed and not in a company pension scheme, or as an addition to a company pension. You may also wish to set up a personal pension if you are self-employed, or if you are not working but can afford to put aside money for retirement. read more.. |
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