At Fortress Financial, we aim to:
- Provide honest professional advice
- Deliver effective solutions by understanding client needs
- Keep up to date with development in the financial services
Post:
3 Joymount,
Carrickfergus,
Co. Antrim
BT38 7DN
Email / Telephone:
T: 028 9335 5111
M: 079 1505 4749
E: info@financialadvisorcarrickfergus.com
Company Pensions
These relate to Employer's schemes.
They can be either
- Defined benefit schemes
that is benefits paid in retirement based on age, length of service and pensionable salary. Sometimes they are called "final Salary Schemes" or - Defined contribution schemes.
These are basically money purchase schemes. The pension one receives from such a pension depends on how much is paid into the pension pot and how the investment has grown. At the point of retirement the size of the pension pot will determine the benefits in retirement.
Group Personal Pensions
These are a low cost Personal pension with less onerous administration. These are increasingly popular amongst employers. The employer usually contributes to the GPP and also deducts from Salary/Wages a % of your earnings. There are specific criteria in terms of one’s eligibility to join such a scheme. For more details on Personal pensions please see section on PP.