Pension opportunities
1 June 2007
How will the recent pension reforms affect the way you save for your retirement?
They say that 50 is the new 40. What does that make 60? Not only are we living longer, but many of us are able to work for longer.
Just as well, because it seems the only people who can afford to retire at 60 these days are those fortunate few in final salary schemes, or those sensible savers who have been putting money away all their lives.
If we want to fund a comfortable life for the best part of 20 or 30 years, largely out of our own pockets, the rest of us will have to work longer.
The new pension legislation is just what we have been waiting for. It affects the way we think about retirement in two critical ways: how we define retirement and how we save for retirement.
- Changing the way you work
You no longer have to decide whether to work or retire, you can do both - Raising the ceiling on contributions
Step closer to your dream retirement. Put more in your pension - Affecting the way you invest
Now you can clearly see how your pension is doing - Time for a rethink on annuities?
An annuity provides certainty. But at what cost?
- Getting your hands on the money
It should be easier than ever - Make a new start today
Help to get you started
