Everyone needs to plan for their retirement. People are living longer and healthier lives, so it's even more important to think about how and when to save for retirement and how long to continue working.
If you would like to enjoy a similar standard of living in retirement as you do now, you will need to plan for it.
A pension is a source of regular income to live on when you retire and is one of the most effective ways to invest money. A great benefit is that your employer will also make payments to the scheme which is a great boost to working towards your days in retirement.
Payments to your pension plan can also be flexible. For example, you can:
- Decide how much to pay into your plan (subject to any minimum payment criteria your employer has set).
- Pay additional single payments when you have spare money.
If at any time you are unsure of what to do, in the first instance, contact Standard Life on 0800 066 5432. If you require advice on the payment and investment options, we strongly recommend that you speak to a financial adviser.
There may be a cost associated with this and you should note that neither BT nor Standard Life will be able to provide any advice to you. If you do not have your own financial adviser, you can find one in your area by visiting unbiased.co.uk
Please note: The link to unbiased.co.uk is outside Standard Life's website and will open in a new window. Standard Life is not responsible for the content of external internet sites.
