Choosing the right pension to suit you can be a challenge. With so many options available it can be difficult to decide what is best for you. Employer’s pension scheme If you are currently employed, you may already have a pension provided by your employer or they may provide access to a Stakeholder Pension for you. Each year you should receive a statement of what you can expect from the pension when you retire. You should examine this carefully and see whether it is enough. You can then decide whether you need to save more. Own arrangement You may not have access to an employer’s pension. You then have the option to provide your own arrangements. If you do not make any personal provision, you will only have the State pension to rely on in your retirement. Not currently earning? You may not be earning at the moment but you can still save for your retirement using a personal pension or a Stakeholder pension.         When you decide to save, it makes sense to make sure that you take advantage of all the tax-efficient options available to you.     At some time in your life, you will probably have a lump sum of money that you wish to invest.     When you’ve decided to save, it makes sense to make sure that you take advantage of all the tax-efficient options available to you.     Making sure that your partner and loved ones are financially secure when you die is very important.       more »     more »     more »     more »

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