Upon retirement, your income may witness some cutbacks whereas your bills won’t. Planning for your retirement can be challenging. It’s important to make adequate provisions and start saving as early as possible. The primary aim of a Personal Pension or Retirement Plan is to provide a stable income stream throughout your retirement.
It is vital to anticipate your financial needs and decide on the best way for you to build a complementary source of income once you are no longer earning a monthly salary or income from your professional activities.
