(1)   If you are thinking of starting a pension, don’t delay. The first 5 years of contributions make all the difference. E.g. a 25 year old paying just £50 per month would have over 38% more in their fund than someone who started at age 30.

 

(2)   If you already have a pension it should be reviewed regularly to see if it is as competitive as it should be. This involves checking the charges and regularily assessing the performance compared with other pension providers.

 

(3)   Do you know what your pension income will be at your retirement and are you on track to be able to retire comfortably?

(4)   Are you about to take your retirement benefits from your Personal Pension and you are confused about the options available to you?

 

IFAC Ltd has the answers to all your pension questions and can guide you through the maze and complexity of pensions for your retirement.