As people develop through their lifetime they have an expectation that a time will come when they will be able to retire.

Pension arrangements have a number of advantages:

• when people come to retire they will experience a reduction in income – a pension makes up for some of this loss of income in retirement;
• pension schemes can provide protection in the form of lump sums and pensions to dependents in the event of a member’s death;
• In order to encourage pension schemes, the taxman provides tax relief on contributions made to pension schemes and the growth in their investments.

At ACA we offer various solutions and advice on the best options to assist you to plan for your retirement.