Prepare today for a better tomorrow
A pension scheme is a savings plan you receive tax-relief on to help you save money for retirement. Regularly putting aside money from your income over time will set you up to have an income in later life, when working less or even choosing to retire.
When it comes to pensions, you have multiple schemes available. You may choose to set up a personal pension yourself or contribute to a pension scheme set up by your employer. With auto-enrolment, now there are minimum contributions to be matched by your employer to help support building a pension with the option to contribute more, should you wish to.
You will have multiple options when choosing to retire with a pension, including taking a tax-free lump sum and a regular monthly income which is called an annuity, to support your lifestyle into retirement.