A private pension is a product that you can use to save money for retirement. Private pensions are usually defined contribution pensions, which means the money you receive at retirement is based on the money you’ve paid in and the performance of your investments.
There are several different types of private pension to choose from. However, in light of government changes, the tax aspects can require careful planning. In the meantime, here are seven important things to know about private pensions, learn more.