A group pension scheme is run by trustees on your behalf. You have an individual account within the scheme.

Your payments are taken directly from your salary and paid by your employer to the life company where they are invested in investment funds until you start taking your pension benefits. And when that time comes, you will use the pension savings that you have built up to give you a regular income in your retirement.

Saving for a pension is the most cost effective way of saving because it is very tax efficient.

If you believe you require further clarification on any matter relating to group pensions please feel free to contact us for independent and impartial advice.