Personal Pension Planning
A personal pension plan is a tax-efficient savings scheme available to anyone under 75.
There are many different ways of making contributions, from regular monthly payments to a single lump sum.
With your funds that you have accrued, an annuity is purchased at your chosen retirement age which will give you a regular income for the rest of your life.
A proportion of your fund can also be taken as a tax-free cash payment when you retire.
Should you die before you retire, the fund will be paid out in benefits to your family or other beneficiaries.
How Much Can I Save?
Use the following budget planner – work out what money you've got coming in against your monthly outgoings.
Budget Planner Calculator(External website)
