Are you thinking about your retirement lifestyle? A private pension plan could help you to retire sooner rather than later, and could help to match your desired retirement financial goals. Private pension plans are often tailored to you as an individual. For instance you can make the contributions yourself into a plan of your choosing, and pay one off payments or monthly payments. There are different types of pension scheme that you could look at such as; Defined Contribution (DC) – also known as a money purchase scheme, Stakeholder Pension, Self-invested Personal Pension (SIPP) and Defined Benefit (DC) Scheme.
