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STARTING WORK

Pensions

• You are never too young to consider a pension.

• Always join a company scheme if there is one

• The vast majority of employers are required to designate a stakeholder pension scheme although they are not obliged to contribute to such a scheme. If you employer does not have a designated stakeholder scheme then a personal stakeholder scheme is suitable for you:

• The younger you are when you start to save for a pension, the more time there is for your pension fund to grow.

• Ask your financial adviser about the tax benefits of taking out a personal pension.

REMEMBER You should not use any information contained on this page as the basis of any action until you have discussed matters with your financial adviser.