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This is an area we all know we should act upon but tend to put off.
A Pension is a long term investment designed to give you an income in retirement. You cannot access the money in your pension until age 50 (rising to age 55 by 2010). Your employer may provide a pension scheme for you but if they do not then it is important you make some arrangements for your retirement.
PUT SIMPLY - The sooner you start saving into a pension the higher your income in retirement is likely to be.
To get an idea of how much you should be aiming to save then why not use the FSA's pensions calculator available here. (You are now leaving the regulatory site of RSB Money Limited. Neither RSB Money Limited or Personal Touch Financial Services Limited is responsible for the accuracy of the information contained within the linked site.)
RSB Money will give you clear independent advice tailored to your situation, please call or email for information or to arrange your personal appointment. |