Pension and savings plans provide plenty of choices as more retirees opt for life overseasPension and savings plans provide plenty of choices as more retirees opt for life overseas
More and more people are finding it difficult enough just to pay monthly bills and put food on the table without having to consider putting money aside for the future so they can enjoy a comfortable lifestyle after retirement.
A survey carried out by Expert Pension Claims revealed that from 2,000 residents across England, Scotland and Wales, a total of 47.6% said one of their main pension concerns was that they wouldn’t have enough money to last them through retirement. Yet planning for the future does not seem to be a popular option with young people across the UK with figures from the Office for National Statistics (ONS) showing that more than half of 22 to 29 year olds in the UK have no savings at all.
With a raft of different pension plans and saving schemes to choose from, it can be a job in itself deciding how best to protect your precious earnings – and these days many folk are changing their approach to planning a secure financial future.
Pensions have become more flexible in recent years and the UK government’s auto-enrolment scheme is well established now so employees benefit from employer contributions and tax relief. In essence this is a popular choice with many viewing it as …