What is a Pension?
In simplest terms a pension is a steady income usually given after retirement. Most individuals receive a state pension but this just about covers your basic needs. In order to ensure you have enough money for when you retire it is always recommended you take out a pension plan
With a pension plan you set aside money during your working life into a plan which you can access when you are at retirement age, or you can use your whole pension to buy an annuity which is a policy with a financial provider this gives you a income for the rest of your life.
When you retire any pension income you take will be taxed depending on your overall income at the time the pension is paid out.
Choosing a pension is one of the most important financial decisions you can make therefore we believe the process to finding the right Pension 4 U should not be complicated. We have made pensions simple and easy to understand – we provide you with the basic’s to what a pension is and why you need one.