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.

If you have any questions, email Goldsmith FS to arrange a free consultation.