Personal Pensions

What is a personal pension?

With a personal pension you pay a regular amount, usually every month, or a lump sum to the pension provider who will invest it on your behalf. You will receive 20% tax relief on your contribution which is added to the plan. Higher rate taxpayers may be able to claim a further 20% tax relief.

Would a personal pension be good for you?

Your decision will largely depend on how much you can afford to save for your pension and how much you will get from other pensions.

Personal pensions may be suitable for:

people who are self-employed
people who are not working but can afford to pay for a pension
employees whose employer does not offer a company pension scheme
employees who have the option to pay into a company pension, but

choose not to
employees on a moderate income who wish to top up the money they

would get from a company pension
company owners/directors

Pension Transfer

Is your existing pension right for you? You should be asking yourself all of the questions listed below:

Will I have enough income in retirement?
How do I know my pension is performing properly?
Where and how is my pension money invested?
Am I paying too much for my current pension?
When was the last time I reviewed my investment strategy?
Is my pension still right for me?

For more information regarding personal pensions please contact us on 01633 415 340 or contact us here
Please note that initial pension advice consultations are free of charge and at no obligation.

The above information does not constitute financial advice from Bartholomew Hawkins Ltd or any of its representatives. Investment performance can go down as well as up. Past performance is no guarantee to future performance. Your home may be at risk if you do not keep up the repayments for any loan secured against it. All information is based upon our interpretation of current legislation and taxation which can change in the future.