Private Pension Plans Personal (or Private) Pension Plans are schemes you can join through work or arrange for yourself.
Private pension plans have tax incentives to encourage you to save for retirement:
Tax relief on the amount you save. Your invested savings build up largely tax free. At retirement, you can take a quarter of your savings as a tax-free lump sum (sometimes called a pension commencement lump sum or PCLS). The rest must be used to provide income which is taxable. You can access capital or income from your Personal Pension Plan from the age of 55. We have software which compares all pension providers one against the other to help us select the most appropriate plan for our clients. This allows us to select a plan which contains all of the required features and benefits.
When you need to start a personal pension plan, use our Pension Selection Service to help you.
Contact Us Today Get in contact with us to request more information private pension plans. Call 0113 2300449 enquiry form .
