Ignore your pension at your peril

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imagesPensions have had a lousy press in recent years but we all need to think HARD about how we’re going to provide for ourselves in our retirements.

No-one else is going to provide generously for us – and so we need to look to ourselves to make proper provision. Please never forget that contributions into a private pension scheme still provide a fantastic opportunity for us to invest for the future. The government wants to encourage us to do this and so the tax breaks on the initial investment; on the growth of the fund; and on part of the cash you take out on retirement; remain hugely generous.

And, in the right circumstances, the funds invested can also be used to help your own business!  I’m no spokesman for the pensions industry – but don’t be fooled into thinking that this is something that you should ignore.

Author: Businesswise Accountant

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