Legal And General Pension Review
If you are looking for advice on Legal & General Pensions whether you are looking to start your first pension scheme as an Individual or a Company, looking to transfer your pension or you are about to retire making the right choice is not always straightforward.
Setting up a new Pension Scheme? Whether you are looking to set up your first pension scheme or to supplement your existing ones, finding the right pension scheme can be daunting. The Legal & General Pension has therefore been designed as a straightforward, easy to set up scheme. The features of a Stakeholder Pension with L&G include:
- Contributions from as little as £20
- Payment by direct debit or in a lump sum
- Increase, decrease or stop your payments without penalties
- Instant tax relief – the taxman adds £25 for every £100 you pay in
With a Legal & General pension you will be able to choose from more than 20 investment funds with varying levels of risk and potential returns. You can invest in one or more funds, and switch whenever you like without extra cost.
Looking to buy an annuity with your pension fund? With a Legal & General With-Profits Annuity you get an income which is likely to change year on year (and may also go down). It allows you to share in the long-term growth potential of a with-profits investment during your retirement.
If you have a Legal & General pension you may wish to review whether it is better to consolidate it into one plan. We work with Pensionbee who can combine your pensions into a new, online PensionBee plan. Their plans are managed by State Street and BlackRock, two of the biggest investment managers in the world. Your pension in one place, accessible online 24/7. See your balance, projected retirement income and make one-off or regular contributions. Their low fees mean it's likely to cost you less too.