What do I get out of it?
For every month that you contribute to your pension your standard of living in retirement will be that little bit higher and the worry of an impoverished retirement diminishes that little bit more.
All contributions that you make are entitled to income tax relief at the highest rate you pay so for every £100 you save your contribution will be grossed up to £125 if you are a basic rate taxpayer and you can claim up to an additional 30% relief via your tax return if you are a higher rate tax payer so you are making money from day one!
Along the way you may actually benefit from some return on your investments, all of which grow in an extremely tax efficient environment and when you wish to draw your benefits you may take 25% of your fund as a tax free lump sum and use the rest to provide you with pension income.
If you arrange your pension with us you will benefit from regular reviews and active monitoring of your pension funds so you will always know where you are and if your pension plans are on track for the retirement you deserve after all those years of hard work!
