Defined Contribution Pension Schemes
A defined contribution pension allows you build up a pot of money that you can then use to provide an income in retirement..
Implementing the right pension for your set of circumstances is key to tax efficiency and long-term growth taking into consideration charges and choice.
City Capital Financial Planning are a firm that believes in fitting the right style of pension product to our client’s specific needs. This is both when in accumulation stage and growing your pension pot or if you are at benefit stage when you need to start the process of drawing money out of your pension scheme.
It is essential that you start to plan for your retirement as early as possible so that you are able to live comfortably in the knowledge that your lifestyle needs are covered. This will mean careful consideration of your pension fund throughout your working life.
With retirement planning, it is important to take into account the fact we’re all living longer. Couple that with the fact that the cost of living continues to rise and the value of the State Pension continues to dwindle, this provides a very strong case for starting to save early for your future.