Braemar Wealth Management

Pensions & Annuities

Why do I need a pension?

For some it's a long way off, for others it's just around the corner, but planning for your retirement is one of the most important areas of financial planning.

No-one wants to have to scrimp and save in their old age. Pension plans have one goal - to provide you with a decent income when you retire.

The state pension is currently:-
  • £90.70 a week for a single person
  • £145.05 a week for a married couple
  • For the tax year 2008/2009

Is that enough to live off? Will it cover your basic needs?

People are living longer and retiring earlier. This means that the number of pensioners is increasing. These pensioners are relying on a decreasing work-force to fund their state pension.

One of the most tax efficient ways to top up an inadequate state pension is to also save into a personal pension. You can make regular payments, one-off payments and take payment holidays if you need to.

The sooner you start the better!

Pension Terms Explained ...

Braemar Wealth Management (NW) Limited is authorised and regulated by the Financial Services Authority. Braemar Wealth Management (NW) Limited is entered on the FSA register (www.fsa.gov.uk/register/) under reference 425022. The FSA does not regulate some forms of tax planning and investment structures.
Registered in England & Wales, number 05328421. Registered office – 38 Woodlands Parkway, Altrincham, Cheshire WA15 7QU