 Pensions
For those of us lucky enough to have just left university or school or even starting their first job think their retirement to be a long way off and as such consider it to be less important than buying a house, buying a car or deciding where to go on holiday.
It is important however, to starting planning early for your retirement to ensure your pension will keep you comfortably when you do finally finish working.
Many of us are living longer and with an ageing population, the number of people retiring far outweighs the numbers starting out in life.
As such it is hard to predict what will happen to an over stretched state pension system in the future when it will matter most to each of us.
Usually the easiest way to start a pension is when you start employment and the company invites you to join their group pension scheme. However, if you have moved jobs several times or are self employed, this entry point to pension saving can become more difficult or complicated.
We have set out under our Pension heading a number of different options currently available.
This list is by no means exhaustive and our firm advice would be to contact one of our qualified advisers to discuss your personal objectives and guide you through the complex area of pensions.
Should I be Contracted out of the State Second Pension (S2P)
This is a personal decision and we recommend you read the information on the following link to give you a better understanding of the current position.
http://www.fsa.gov.uk/pubs/pensions/oac2005.pdf
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