The Ultimate Guide to Understanding, Selecting, and Getting Ahead with Your Pension
In our latest series of articles we have delved into the topic of pensions.
- What are they?
- What types of pensions are there?
- Why are they so important?
We’ve tried to answer these, and other questions, in lay terms. At Wise, we are passionate about taking the jargon out of investing, and pensions is an area rich in technical lingo. We’ve detailed the ins and outs of each type of pension scheme, the importance of early investment, and the pros and cons to consider when saving for retirement:
There are five main types of pension scheme available in the UK. In our article ‘Demystifying Pensions’, we cover the various benefits that apply to all UK pensions, before discussing the individual characteristics of each specific type of scheme.
The Benefits of Early Pension Investment
In this article we look at the benefits of compound investing. Compound investing essentially means the longer you’re investing for, the greater the potential of your returns.
To illustrate this, we look at an example of two people investing at different stages in their lives. This really helps to paint a picture of just how powerful early investment can be. Even if you invest at a higher rate later in life, it’s hard to keep pace with someone who started investing at a lower rate early on.
Which Pension is Best? The Pros & Cons and Who They’re Most Suited To.
All pensions have different characteristics. And they can’t be treated as a ‘one size fits all’ solution.
In our article. ‘Which Pension is Best?’ we identify the investor profile best suited to each type of scheme and detail the pros and cons to consider when comparing and setting them up.
For more insights and in-person advice and guidance on which pension is most suitable for you and your situation, get in contact with the team at Wise Investment.
The information in this series is for educational purposes and is not a personal recommendation or investment advice. Content is accurate at the time of writing and tax limits may change. If you are unsure about the suitability of a particular investment you should speak to an authorised financial adviser. The value of investments can go down as well as up. Wise Investment is authorised and regulated by the Financial Conduct Authority (FCA 230553).
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