Are you ready for your retirement? Whether drawing your pension is decades away or in just a few years time, keeping tabs on how your pension assets are performing is essential if you want to make sure they’re on track to provide you with enough to live on once you’ve given up work.
Here are some tips that can save you tax and maximise your returns so that you can get the best from your pension savings in the future.
Check What Pensions You Have
Over your working history you’ll have accrued various different entitlements in different ways, including the state pension funded by your National Insurance contributions and pensions set up by your employers. These may have been ‘final salary’ pension plans or ‘defined contribution’ plans. You can check your state pension forecast via the government website, and with their free Pension Tracing Service, you can contact previous employers … Read more