What is a pension plan?
No one really imagines themselves working into their 80s. In later life you may want to stop full-time work, work part-time or stop work altogether and a pension plan could allow you to do this.
A pension plan is a long-term investment designed to help you achieve the level of savings and income you want in retirement. When you choose to retire you will be able to withdraw an income from your pension (in addition to any state pension) to cover your living costs, or provide you with financial support. That said, it is worth remembering that pension savings are by no means guaranteed; investments can go down in value as well as up.
A pension could be the most important investment you will ever make; it needs careful professional advice and should be reviewed regularly to make sure you are on track for your future.
No one really imagines themselves working into their 80s. In later life you may want to stop full-time work, work part-time or stop work altogether and a pension plan could allow you to do this.
A pension plan is a long-term investment designed to help you achieve the level of savings and income you want in retirement. When you choose to retire you will be able to withdraw an income from your pension (in addition to any state pension) to cover your living costs, or provide you with financial support. That said, it is worth remembering that pension savings are by no means guaranteed; investments can go down in value as well as up.
A pension could be the most important investment you will ever make; it needs careful professional advice and should be reviewed regularly to make sure you are on track for your future.
UK Government Advisory Service - Help Online
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USA Labor - Retirement Plans, Benefits & Savings
Here you can get an overall view of pensions in the Nordic countries
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Public Service Pensions & Benefits
Developing Asia's Pension Systems and Old-Age Income Support
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