Pension Advice

A pension can make a huge difference to your life, so getting the right advice and guidance can make all the difference. Key Mortgages will put your circumstances and finances first, helping you receive the right services and information to help you secure a pension.

Should i see a financial adviser? #

If you are looking to explore your pension options or have a pension worth of over £30,000 you will need to get financial advice.

A financial advisor can also help you go over retirement plans and will be able to offer a range of products that suit your needs and pension plans for the future.

What is a state pension? #

State pension is given by the government and you will qualify when you reach “state pension age”

You will have to apply for this yourself and will receive payment the first full week after you have reached state pension age. You can check your state pension age using an online calculator.

What other types of pensions are there? #

Defined benefit

Commonly, a defined benefit will be arranged by your employer and the amount of money you will get will depend on the amount of time you have worked for them along with your salary.

Defined contribution

Also known as a “money purchase” pension, the money put in by you and/or your employer is put into investments. The performance of the investments will affect the end value of your pot when it is time to take the money out.