Personal Pensions
Pension & Retirement advice and servicesMany employees prefer to set up personal, "portable" pensions of their own. Those who are self-employed also do so, of course. In retirement there is a variety of options which is dependant on your risk profile and objectives, however greater flexibility of investment choices and retirement options are available from personal pensions. One of the great attractions of pension schemes as a method of saving for retirement is that there is tax relief on contributions up to government set contribution limits. There is no other investment you can make which will give you 20% or 40% tax relief, depending on the highest rate of tax you pay. Which sounds most appealing, paying tax to the government or saving it for your old age?
|
