Pensions

A pension plan is a way of saving during your working life to provide income when you retire. 
 
Pension contributions attract income tax relief on personal contributions made so that a non-tax payer or basic rate tax payer saving £80 is credited with £100 for investment. Higher rate tax payers saving £60 are credited with £100 for investment.  Pensions are therefore a particularly tax efficient way to save.  
  
Employer contributions to pensions are important features of remuneration packages and receive full corporation tax relief. 
 
Anyone under the age of 75 can contribute to a pension scheme. Parents or grandparents can contribute to pensions for children and grandchildren. 
 
Many people delay their pension planning because they think they have plenty of time, or because they expect it to be a complicated process, or because they believe they can't afford it. 
 
The earlier you start, the more you save, the longer your fund has to grow and the higher your income in retirement will be.

Personal Pensions - Stakeholder Personal Pension

Self-Invested Personal Pensions - Self Invested Pension

What options do you have when you retire?