• Basic pension system
• When can I retire?
• State pension
• Company pension
• Private pension
• Self invested personal pension
• Planning a retirement
• State second pension
• Pension in case of divorce
• Stakeholder pension

As people get older and time goes by having a secure financial background is becoming more and more important after retirement. As national pension is designed to prevent old age people from poverty it may not be enought the satisfy your needs or might need something else as an additional benefit. In order to maintain your way of living after your retirement it is always recommended to make some precautions.

The best way to do this is to join a private pension scheme. Such a plan is designed to provide people a considerable amount of income in form of a pension or other benefits after retirement when they’re no longer earning money themselves. Usually you can choose from many options with different price ranges. After you made your contributions they are used in some sort of investement, which varies with pension plan providers, and aims to get as much profit as possible for you. Your final size of a pension fund is determined by the success of these invesments.

You can apply at many private companies or insurers, which have to be registered in order to get tax benefits. Usually private pension plan provides more favourable benefits than national ones, but require higher monthly payments as well.