Planning for retirement
Finding the right pension plan
When you receive a state pension it’s unlikely to replace the income you’re enjoying right now. So if you’re hoping to afford anything more than the basics in your later years, you need a plan. Royal London offers both individual and workplace pensions.
Saving for retirement
While there are lots of ways to save for your future, a pension is designed specifically for retirement. You can use it to provide a tax-free cash sum when you retire, and/or an income for life.
Each time you save into your plan, so will the taxman. This is called tax relief and depends on your individual circumstances. Although it could change in future, it helps your retirement savings grow faster.
Pensions also carry an element of risk and their value can go down as well as up. You could get back less than what you’ve paid in.
Why Royal London?
Royal London is the UK’s largest mutual life and pensions company. We’ve been around since 1861.
In March 2014 our specialist pensions provider, Scottish Life, won the Money Marketing Financial Services Awards Best Pension Provider - for the fourth year in a row. At the same ceremony Scottish Life was also voted Company of the Year.
For more information and to see how we can help, visit our Scottish Life website.