Types of Pensions
There are many types of pensions so it is important that you get advice on what pension is right for you.
- * PRSAs
- * Personal Pensions
- * Group Pensions
- * Executive Pensions
- * Buy Out Bonds
When Should I Take Out A Pension?
It's never too early to start making contributions. Investing in a Personal Retirement Plan allows you to gain control over your income when you retire and possibly retire earlier than relying on the state pension alone. If you start making contributions early, you have a better chance to build a fund to help you to avoid a large drop in income when you retire and are relying on the state pension alone.
Can I Retire Early?
If your employer and Pension Plan trustees agree, you will be able to retire after the age of 50. Please be aware though, the pension you receive will be based on the accumulated fund value at that point. This will be lower than if you waited to retire normally.
What Happens To My Pension If I Die Before I Retire?
The value of your fund, at that point in time, will be paid to your dependants in the event of your death before retirement.
Warning: The value of your investment may go down as well as up.
Warning: Past performance is not a reliable guide to future performance.
Warning: These funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some of all of the money you invest.