We all have a general idea of what we would like to do in retirement, whether it’s playing golf, travelling the world, taking up a hobby or indeed anything we choose with our long awaited time off.
In order to make those plans a reality though we all need to make a savings plan for the future. A pension is simply a retirement savings plan by another name.
While your retirement may seem like a long way off, starting a pension now can make a big difference later on (not to mention the tax benefits in putting your money into a pension). Whatever stage you are at in your life there are some simple steps you can take to start saving for the retirement you want.
There are several pension options depending on whether you are an employee, self employed or a company director/business owner.
If you are not sure where to start here are some simple suggestions based on your stage of life:
If you need some help in understanding your pension options and planning for your retirement, you can meet with a qualified financial advisor today.