Personal Pension Plan (PPP)
What is a Personal Pension Plan?
Personal Pension Plans (PPP) have been around since mid-1988. They were introduced by the UK government to enable the self-employed, and employees working for companies not operating a group pension scheme, to build up a pension fund for retirement.
Personal Pension Plans are money purchase schemes with contributions receiving tax relief. An employer may contribute to an individual’s Personal Pension Plan and can move with individuals when they change jobs.
To be eligible to invest in a Personal Pension Plan and receive tax relief on personal contributions, an individual investor must be under 75 years of age and resident in the UK (there are some exemptions for individuals who work for the UK Government or have left the UK in the last few years).
Contributions can also be made by your employer or a third party, for example parent or spouse.
Find out more in our Personal Pension Plan Guide
Independent Financial Advice
Speak to a fully qualified and independent
Invest Southwest adviser today.
Call 01823 353970
Why choose Invest Southwest for your Personal Pension Plan?
- We have a team of fully qualified and independent financial experts
- We are highly recommended by our clients
- We deal with a wide range of products
- Our initial consultation is FREE
Call 01823 353970 to find out more
"Invest Southwest helped me to find the right Pension Plan for my circumstances and provided extensive details on the investments that make up the scheme. I find the annual appraisal very useful to keep on track of my finances. They also helped me switch to a new mortgage so the process was painless and relatively quick."
Latest Pensions Articles
It’s your retirement – don’t do it a disservice
The Institute for Fiscal Studies (IFS) has warned that 90% of ...
How up to date are you with your pension?
Here are a few things to consider. How much ...
HNWIs cutting pension contributions
Research has highlighted that in an effort to alleviate daily ...
The best (retirement) gift for your child?
With the cost of children’s birthday presents and ...
Independent Pensions Advice
The Financial Conduct Authority does not regulate tax advice.
The value of investments can fall as well as rise. You may get back less than you invest.