Personal Pension Plans offer one of the most tax efficient methods of saving for your retirement. Review your pension arrangements with professional assistance by calling 01225 428444.
Personal pension quotes
If you already know how much you wish to contribute,
Click here to obtain a selection of the best available pension plan quotes.
Annuity quotes and pension advice
To request annuity quotes and other pension advice, call 01225 428444, click on the call me button below or to send an e-mail
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In 2002/3, every £10,000 that you invest in a Personal Pension, costs you only £7,800 if you are a basic rate taxpayer or as little as £6,000 if you are a higher rate taxpayer.
What happens on retirement?
- At retirement (any age after 50) you may take a tax-free cash sum of up to 25% of the fund.
- The remainder has to buy you or (if you choose) your spouse a pension for life.
- A pension for life is created by buying an Annuity or by applying for a "Pension Drawdown".
- An annuity must be acquired at the age of 75 under current legislation.
Investment risk
- Pensions are long term investments. Benefits can not be drawn until retirement (earliest age 50).
- Pension investments can be tailored to suit your attitude to risk and investment profile.
In order to ensure that you achieve a suitable level of income at retirement, it is important to review your pension arrangements regularly. Fund selection and levels of contribution should be considered when reviewing your arrangements.
Pension legislation is complex. The above provides only a general summary and is not a substitute for obtaining professional advice. Levels and basis, and reliefs from, taxation are subject to change and their value depends on the circumstance of the individual investor. Further general information on pensions can be found in the
Information Centre.
