The Power of Pensions

Pensions provide a tax -efficient way of saving, and are key to securing your lifestyle during retirement.

There are different types of pensions available, so you can choose what suits your circumstances. The most common are the State Pension and the Workplace Pension.



Another type of pension is the Occupational Pension

Occupational pension schemes are set up by employers to provide pensions for their employees. There are two different types of occupational pensions: Defined Benefit (final salary schemes). Defined Contribution (money purchase schemes).

Find out more about Occupational Pensions in our handy factsheet, which looks at:

      • Features of Defined Contribution and Defined Benefit Schemes
      • Benefits of your contributions
      • Rules around pension contributions
      • Key considerations

Download Factsheet – Power of Pensions

Review Your Financial Plan

To arrange an appointment to talk more about pensions, or any other financial planning matters, you can contact us via your usual MHA adviser, or directly on 01604 621 421 or

Risk Considerations

Past performance is no guarantee of future returns. The price of units and the income from them can fall as well as rise.

This investment is intended as a long-term investment and under current HM Revenue & Customs’ practice it’s not normally possible to access the fund(s) prior to the age of 55.

The minimum age will increase to 57 from 2028 with further increases expected as the State Pension Age goes up.

Please be aware that there may be occasions when an individual fund or funds may have a higher risk rating than your overall stated attitude to risk. If this is the case, then the overall risk rating applied to all of the combined funds being recommended is still designed to meet your stated tolerance.

Tax rules are subject to change.