A Simple Guide To UK Pension Schemes

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UK Pension schemes are a tax efficient savings plan. They allow individuals to save money during their working life, sufficient to provide a comfortably income stream to live on after they have retired.

State Pensions may not produce the same level of income that you will have been accustomed to whilst working. It’s therefore important to start thinking early about how best to build up an additional retirement fund. You’re never too young to start a pension, but the longer you delay the decision, the more you will have to pay in, to build up a decent fund in later life.

There are many different UK Pension Schemes that individuals can use to save for retirement and the taxation and investment elements of pensions can appear unnecessarily complicated. Given the complexity and choice all individuals now have, it is important to seek independent financial advice before making any decisions.

The simple Did U Know – A Simple Guide to Pensions ebook will explain the most common sources of pension funds available.

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The author of this book explains that most financial advisers and institutions do not operate in the best interests of the clients, but to maximise their own profits through exorbitant fees. The actual percentage charged may appear relatively low but compounded can knock tens of thousands off your final pension fund.

Along the way you are likely to be taking unnecessary risks through the lack of diversification of your portfolio. Fund managers in their efforts to meet market indexes and targets end up adding more costs to their clients through regular transaction charges.

The book provides a number of practical illustrations of the effects of fees, transaction charges and risks on investors. Definitely a read for all investors not just company Directors.

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