Independent Financial Adviser in Colchester, Essex - Woodruff Financial Planning
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Occupational Pension scheme

What is an occupational pension scheme?

Basically occupational pension schemes are provided by companies through a rigid regulatory system. There are two types of occupational pension scheme available:

  • Final Salary scheme
    This guarantees you a pension based on the final salary that you have with your employer. Please visit this page for more information.
  • Money Purchase scheme
    This provides a pension based on the amount of money that you or your employer saves into the scheme. This money is invested, and the pension that you get in retirement is based on the growth in your fund. Please visit this page for more information.

An occupational pension scheme will work under a completely different set of rules to a personal pension. The investment limits are different, and overall are connected to your salary. The maximum benefits under an occupational pension scheme are subject to the inland revenue limits. This is a complex are an depends on when your scheme commenced.

Click here to see a leaflet on why you should review your pension plans.

To obtain more information about an occupational pension scheme, please contact us.

 

 

 


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--- Pensions --- What is a pension? --- Personal Pension --- Stakeholder Pensions --- What we will do --- Pension Quotes --- Tax free cash --- Tax relief --- Retirement annuity plan --- Company pension scheme --- Group personal pension --- Options at retirement --- Pension annuity --- Open Market Option --- Income Drawdown --- Phased Retirement --- Money Purchase scheme --- Final Salary Scheme --- EPP --- SIPP --- SSAS --- Pensions and divorce ---
--- Write: Suite 43, The Colchester Centre, Hawkins Road , Colchester, Essex, CO2 8JX --- Phone: 01206 266882 --- Email: click here ---
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Dan Woodruff, trading as Woodruff Financial Planning, is an Independent Financial Adviser with Julian Harris Financial Consultants who are Independent Financial Advisers authorised and regulated by the Financial Services Authority No. 153566.
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