Our Personal Pension Assessment Services
Understanding Your Pensions
During your working life, you may accumulate several pension plans, including ones you no longer contribute to, known as preserved pensions. Additionally, you probably have a current pension plan through your employer. These pensions hold your money meant to provide you with income in retirement.
Key Questions to Consider
- Value: Do you know how much your pensions are worth?
- Future Income: Do you know how much income your pensions will provide when you retire?
- Investments: Do you know what your pensions are invested in? Are they low-risk or high-risk funds?
- Market Impact: How has recent stock market turmoil affected the value of your pensions?
- Review Frequency: When did you last check or review your pensions?
- Consolidation: Should you combine your multiple pensions into one?
It’s essential to regularly review and manage your pensions to ensure they meet your retirement goals.
Our Pension Assessment Service
At Plain Savings, we offer a comprehensive pension assessment service to answer these crucial questions. With clear information, you can make your money work harder and smarter. Management charges and the types of funds your money is invested in significantly impact the growth of your pensions.
Why It’s Important
Whether you plan to retire in 5 years or 30 years, understanding your pensions now ensures they work effectively for you. The sooner you address any shortfalls, the better positioned you’ll be for a comfortable retirement.