Personal Pensions put you in control. Whether set up by an individual or an employer, the client has the option to choose the level of contributions, the investments, and even how the funds are used after retirement.
Some of the most attractive features of Personal Pensions are tax relief on contributions, investment choices, the ability to choose your own retirement date and a tax-free lump sum at retirement.
Most people agree that relying solely on the State Pension will lead to hardship in old age. Imagine how you would feel being retired and not able to afford holidays, run a car or even maintain your home.
It may be that you have old pension policies that need reviewing. Often older policies carry higher charges whilst giving below average performance.
You may also have several smaller pension funds and may benefit by consolidating them into one policy. This will allow you to monitor performance far more easily, and could also mean that you benefit from a reduction in charges offered by some providers once a fund reaches a certain value.