Retirement pension, choosing the best pension scheme for you is a major decision, best speak to an independent financial advisor

Pensions

You are not alone if you find the whole subject of pensions confusing.

Whether employed or self-employed, are you really sure what the best pension options are for you? Are you aware of the different pension options that are available to you, particularly since major government legislation known as 'A' Day in April 2006? If you have existing pensions, have you ever considered your pension transfer options?

Thinking of retiring? It is seldom the case that an annuity from your existing pension provider will be your best option. Indeed an annuity may not be the most suitable way for you to gain an income from your fund.

Pensions can be a complex area, so it is wise that specialist advice is taken to ensure you fund for your retirement in the most appropriate and tax-efficient manner.

There are many ways to fund a pension but commonly regular contributions are used, but what is the right level for you? You may have a pension but if you are putting in too little, you could be saving to be poor in retirement.

Drawing on a pension without seeking guidance can result in a loss of potential benefits that are irretrievable or unwittingly inappropriate to your circumstances.

Pension transfers

Retirement pensions and choosing the best pension scheme for everyone is a major decision, best speak to an independent financial advisor who can explain the smallprint