Employee pensions

We will assess it and see if you need to make any additional investment, either into the scheme or by alternative methods.

It is worth noting that while people think that a company scheme means retiring on two thirds of final salary, this only applies in good schemes, and normally only if you have worked for the company for 40 years before retiring.

If you spend 20 years without any company pension and then join a good scheme you will retire on 20 years service and a pension of only one third of your salary. For such people making additional provision while working is clearly important since other wise a £30,000 salary results in the sad surprise a £10,000 pension.

Use the Pensions Audit to assess your position.

If there is no employers scheme then we would normally expect to use a Personal Pension Plan, or, if you established one before July 1988, develop your Retirement Annuity