Pensions

Do I need a pension?
How much should I pay in?
What are the charges?
Should I invest in an AVC?
What does Stakeholder mean?

With a vast experience in the pensions market Moffatt Financial Planning Ltd. can answer all of these questions in a manner you can understand.

Without some form of private provision – through a company scheme or a personal pension – retirement could be little more than a period of austerity, struggling to make ends meet.

Most people imagine a long period of retirement at the end of their working lives; it is for this reason that pension planning should be high on each person’s financial planning agenda.

The value of the basic state pension has fallen steadily over the past two decades, and the benefits provided from SERPs have been reduced.

The number of retired people is expected to rise significantly as people retire earlier and live longer and it is highly unlikely that the State will be prepared to provide anything other than the most basic of benefits.

Despite the inevitability of retirement for most people, the inadequacies of the state scheme and the fact that they could easily be retired for twenty years or more, all too often retirement planning is deferred in favour of immediate and short-term needs.