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PENSIONS
I HAVE A COMPANY
PENSION SCHEME.
HOW CAN I MAKE SURE THAT IT PROVIDES A
T
FAIRLY COMFORTABLE R
y
ETIREME
i
M
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ent is
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Rossborough Financial Services Limited
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t than
forashockatage65
nd leave yourself in
T
sc
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h
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ly
st t
t
h
wo types of company pension
kindyoursi
ing you need to know is which m
n
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y the tax man to have as
overall contribu
u want as long as your
T
Y
tions don’t break his maximum limits.

h
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an
a
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,
sion scheme and have a
ca
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w
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o
on
ty
s
p
b
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a
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s
a
e
r
d
e:
on years of service. These are also pension scheme
aslongasyourcompany
• Pen
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F
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nefitschemes. benefits o
does not promise you maximum
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schemes d
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t retirement. Most
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oneypurc
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schemes
hase or Defined Contribution most people can have
romise (shame) so
them.
additional savings if they want
I
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sion schemes can be quite
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have bee
asedonthelengthoftimethey
Sav
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e
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nsion
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mescanbe
li
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io
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don’tadduptomuch.
on in various schemes which s
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ay
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W
contributions. These
ing additional
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are known as AVC’s (Additional
b
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ess accurate – lots of co
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ase in contrib
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utions can have a large effect over theluckyonesforwh
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tedout
Some schemes offer members a benefit statement each
have done a bit of detective work
ss you
checkedoutyourscheme
of your own and
n
20/20 twenty three
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