Precise Investors

Friday, December 2, 2022

Pensions: Why and How You Should be Paying into One



Every time there is a cold snap during winter there are horror stories in the media about pensioners suffering freezing conditions in their own homes because they can’t afford to pay their heating bills.

Starting off on that note might smack of scare tactics but the reality is the situation for pensioners surviving on only the basic state pension of £119.30 a week is relatively bleak. An ageing population is putting increasing strain on the country’s finances.

This is demonstrated by the fact that the official retirement age and qualification for a state pension is being increased to 66 for both men and women by 2020.

Topics covered in this Guide

  • Time is both on your side and against you when building a pension pot
  • How much should I be putting in?
  • Government and Employer Contributions
  • Employer Contributions
  • Government contributions/tax incentives
  • Types of Pension
  • Workplace Pensions
  • Private Pensions
  • Stakeholder Pensions
  • SIPPs
  • Receiving your Pension and Tax

The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply