But once you have decided to take the leap and start saving for your future, how are you going to find an investment product that is going to suit you?
The personal pension Plan is a very simple savings product that has incredible tax incentives making it one of the most efficient ways to save for your retirement. Thanks to current tax relief incentives on pension investment, a basic rate tax payer could find that all premiums paid into their private pension plan can be enhanced by up to 25% of their current value, while higher rate tax payers can enjoy greater rewards, even before the investment has started to grow.
But choosing the right pension plan can be the difference between enjoying your old age in comfort and creating a financial burden on you and your family that may mean you are never able to retire at all.
Here at Private Pension we aim to bring you everything you need to make choosing the right pension plan easier and more convenient for you but we also recommend that you seek advice from an independent pensions advisor. There are many different IFAs in the UK and many of them can be found on websites such as www.unbiased.co.uk, www.thinkifa.com & www.ifa-guide.co.uk.
By combining the latest information on the pensions market with products from some of the best scheme providers across the financial industry, you should be able to use our site to find information you require to create the plan that suits all your retirement needs.
By using an Independent financial advisor you can compare the different pension products available in one quick and easy process and you can select a pension plan that is going to fit your needs and provide you with the confidence to know that you are doing everything you can to improve the future for you and your loved ones.
From the variety of offerings, select the type of plan that is going to suit your investment needs along with a retirement age that will meet your personal expectations. Though many private pension plans make you wait until statutory pensionable age, products that allow flexible retirement ages are available so that you can start your pension up to 10 years earlier and enjoy your retirement while you still have the energy to do so.
All through our working lives, most of us will have dreamt of the time when we can stop work and live life at a rather more recreational pace, however with the reduction in benefits and government contributions, that dream is slipping out of reach for so many. But what is the point in working hard and saving for the future if you and your family find that you have not made the right investments when it counts. By letting Private Pension give you the tools you require when choosing your pension, we hope to put that right and give you the opportunity to make the right decisions when it matters most.
Whether you are a first time investor looking for the best product to secure your future or you are looking to transfer your existing pension into a more productive plan, here at Private Pension plan our partnered advisors can compare some of the top performing pension funds across the market to get your investment back on track and working for you.
So make today the day you stop worrying about how you are going to afford retirement and instead start thinking about how you are going to enjoy it by choosing a private pension plan that will provide you with the confidence and security you need now and in the future.