Retirement

A pension offers you a tax efficient way to save for your retirement. You make payments and then when you retire the funds that you have built up can be used to provide you with an income for the rest of your life.

When you stop working you will no longer receive a salary and you won't receive state benefits until you are 65. Have you thought about how you will replace your salary? You may have savings or property but will that provide you with the income you desire in retirement?

If you decide to start a pension plan, there are a number of important decisions you will need to make. These include how much you should pay into your pension, where your payments are invested and what you can do with any existing pension plans that you have.

By saving into a pension you've taken the first important steps towards a more comfortable retirement – and taken advantage of significant tax breaks that could help you enjoy the quality of life you deserve in the future.

When did you last take a look at your existing pension? Can you be sure your pension is on course to provide the retirement you deserve? Are your payments invested in the fund(s) that meet your investment needs and views?

The fact is, if you want your pension to support you as you expect in later life, you need to keep a keen eye on it now and give it a boost if necessary. That could mean topping up the amount you're paying in, or simply checking that you're happy with the choice of funds in which your money is being invested.

At Professional Financial Services we can offer you guidance and advice on all types of pension schemes:

• Personal Pensions
• Company Pensions
• Stakeholder Pensions
• Annuities
• Self Invested Pension Plans