Anyone who thinks that the state pension will be all they need to enjoy a comfortable retirement should think again!
The true value of a state penions is gradually being eroded, not only by inflation, but also by a gradual reduction in benefits. The government has made it clear that the onus on pension provision lies very much with the individual.
It may be that you have already joined, or are eligible to join, your employer's occupational pension scheme.
Do you know what benefits you will enjoy when you retire?
Do you know whether they will be adequate to support a comfortable retirement?
Do you know the options available if you wish to increase you retirement planning contributions?
What happens if you leave the scheme?
What happens if you retire early due to ill health
What happens if you die?
Perhaps your employer does not have a pension scheme, or you may be self-employed. In such circumstances it is even more imperative that you urgently consider making your own provision. Nobody else is going to contribute towards the cost of providing your income in retirement; it is entirely down to you.
An independent appraisal of your occupational scheme or your own aspirations to join a pension scheme is of invaluable benefit to you. There is a wide choice of different schemes available designed to cater for any envisaged shortfall, whatever your circumstances. With such bewildering array of retirement schemes available, it is absolutely crucial to enlist the help of expert advisers before making any financial commitments.
Acorn Financial Planners Limited. Registered in England No:3839659. Registered Office: 1-3 The Mall, Ambrose Lloyd Centre, Mold, Flintshire, CH7 1NR.
Authorised and Regulated by the Financial Services Authority.
