Pensions
Taking the pain out pensions and investments
Pensions
Although private pensions have taken a bit of a battering in the last few years, they are still an extremely easy, tax-efficient way to build up a retirement nest egg. The biggest benefits of a pension include a tax-free cash lump sum of 25% of your fund upon retirement and a regular steady income derived from buying an annuity with the remaining 75%.
Private pensions are much more friendly than they used to be, especially with the introduction of stakeholder schemes, and many employers will pay into a scheme on your behalf or match your own contributions. Combined with government tax relief, pensions are one of the best ways of using Other People’s Money to build your wealth.
However, there are many different schemes on the market and you’ll need an experienced guiding hand from one of our consultants to help you choose the one that fits your retirement objectives the best.
Call us today on 01908 523 420 or email info@1stff.co.uk to book your FREE consultation.
