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basic state pension
At present, the State will provide you with a pension in retirement if you pay, are treated as having paid, or are credited by the Government with National Insurance contributions.
 It is not an invested scheme: this means that the workforce paying into the pension pot now, are funding the people currently receiving pensions.
Demographics clearly show that with an ageing population, life expectancy in retirement increasing and a decreasing workforce contributing to the pension pot, the cost of providing pensions for all is unlikely to be sustainable.
It is therefore vital that each of us does not rely on the State pension for our retirement planning but plan for our own retirement through a stakeholder, personal or company pension.
A brief explanation of each of the various types of Pension Scheme is available from the menu opposite
Please be aware that past performances are not guaranteed and values can go down as well as up.
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