An Introduction to Pensions
Pensions are typically viewed as being complex and difficult to understand. As a result, people often delay starting one or ignore the issue altogether. In reality, though, the basics are relatively simple and taking time to understand them now could have a huge impact on your quality of retirement. Here, we’ll provide answers to questions our clients commonly ask and help guide you through the pensions maze.
WHAT IS A PENSION?
A pension is simply a type of long-term savings plan designed to help you save money for later life. In essence, it allows you to regularly save some of your earnings during your working life in order to provide an income when you decide to retire or work fewer hours. The money contributed to your pension is usually invested, along with other pension savers’ cash, in some form of investment product, funds or assets. Pension contributions also benefit from particularly favourable tax treatment, which makes them an extremely appealing investment proposition.
To read more about Pensions and how it can benefit you, please click on the guide linked below.