24 July 2014

Pensions

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What is a pension?

A pension is a cost effective way to save for your retirement because you get tax relief on the money you pay in. This means that for every £80 paid into a personal pension, the Government will add £20. (Based on current basic tax rates).

Saving for your retirement is crucial as we are now living longer, healthier and more active lives. Putting some money aside as early as possible could make a big difference to you later on in life.

The Royal London Group consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, provides life assurance and pensions and is a member of the Association of British Insurers and the Association of Financial Mutuals. Royal London Savings Limited provides the Individual Savings Account. Royal London Unit Trust Managers Limited provides unit trusts. Both of these companies are authorised and regulated by the Financial Conduct Authority.

In the Republic of Ireland: The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority in the UK and is regulated by the Central Bank of Ireland for conduct of business rules.

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