A pension can be described as a retirement plan intended to provide an individual an income for life. Contributions paid into a pension scheme can be an efficient way to save tax.

Pensions are very important because every individual needs an income after retirement. Consider the amount of income based on lifestyle, more leisure time and that people are now living longer.

Lets us consider that pension schemes can be classified into two categories State Pension and Private Pensions. The state pension includes the basic pension and the additional state pension. The state sets up the pension and it is usually
dependent upon the national insurance contributions and you get a non-contributory state pension once you are
over 80 years old Private pension schemes are setup by an employer or by a financial company. It is based on direct
payments to the company which then invests the money on your behalf. Once you are retired a lump sum of 25%
of your pension fund is available tax free and the rest on a monthly basis.

If you are still confused and would like to have a free Pension review or talk to one of our pension specialist,
please contact us by clicking here or if you prefer, you can also call us at +44 - 2085661324 and we will assist
you on all your needs.