Pensions are income streams designed to help you have a comfortable retirement.

Generally speaking, there are three main types of pension:

  • State pensions  – paid by the government in return for contributions made throughout your working life.
  •  Company pensions – paid for by your employer as part of your remuneration package.
  • Private pensions – paid for by you, the individual, usually funded by SG contributions.

Pensions are a very complex area and we recommend you talk to a Wealthwise financial adviser if you have any questions in this area.