Company Pensions

Always find out what is on offer, but usually employers will contribute something into the pension so it is a good idea to join it. There are different types of arrangements available, with each working in a different way. There are Defined Benefit Schemes these can be Final Salary or Career Average Earnings Related Schemes. The benefits provided at retirement are based on the members' service and earnings.

There are also defined contributions schemes, these can be Group Personal Pension plans, Money Purchase Schemes or Group Stakeholders Pension Schemes. The benefits provided at retirement are based on how much money is paid in and how the chosen investment performs.