The flexible and simple retirement option
A Personal Pension is flexible and simple.
You simply pay into the plan and basic rate tax relief is added from the government. If you pay a higher rate of tax, then relief has to be claimed via your Self Assessment tax return.
This money is invested to provide you with a private pension 'pot' (fund value). Then you use this pot of money to take benefits anytime after age 55 (57 from 2028) - whether you are still working or not!
You can make contributions to your pension plan whenever you like – it’s up to you. And these payments are invested into one or more funds - the selection being able to be changed at any time.
Speak to an NFU Mutual Financial Adviser about setting up your pension, and they’ll be able to help find the right option.
You should be aware that the value of your investment and any income from it may go down as well as up and you may get back less than invested.
The tax treatment of pensions depends on individual circumstances and may change in the future.
When you contact us we'll explain the advice services we offer and our charges. NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.