Are you contributing enough to your pension today to support you throughout your retirement? It is never too early to start saving for your retirement.
What is a Pension Plan?
Pension Plans are long-term saving plans designed to provide you with an income in retirement. The regular contributions you make to your pension fund benefit from generous tax relief, greatly reducing the real cost to you, while at the same time enjoying tax-free investment growth. Pensions are different to other saving plans due to these tax incentives which make them an attractive method of saving for retirement.
As life expectancy increases it means that we can look forward to a longer retirement. A longer retirement naturally means we are going to need more money to enjoy it and therefore pensions are more important now than ever.
In order to help provide for your future, starting a pension is one of the smartest financial decisions you can make.
Why have a Pension?
- Tax efficient method of saving
- Tax relief on contributions paid into the fund
- Fund grows tax free
- Tax free lump sum at retirement
- Greater financial security during your retirement
- State pension is not adequate for majority