Pensions

With the State Pension continuously falling as a percentage of average earnings it is more important than ever to consider taking personal control to provide an income in retirement that will provide your desired standard of living.

State Pensions increase every year in line with inflation and the increase is paid automatically. Subject to affordability and the fiscal position, the basic State Pension will be uprated in line with average earnings in 2012 but, in any event, by the end of the next Parliament. You may be fortunate to be a member of your employer’s pension scheme but are you sure how much you will receive at retirement?

Do you need to boost your retirement planning by starting a personal pension fund? If you are employed and not a member of your employer’s pension scheme or are self employed you have all the responsibility to ensure you have a more than adequate income when you wish to enjoy the years after work. A regular review of your retirement planning is crucial to ensure that there are no nasty shocks when the time comes to finish work. Independent Financial Advice can make all the difference before it’s too late.