Knowing the answer to what pension will I get? Is crucial in understanding what sort of lifestyle you will have in retirement. Will your pension produce enough so you will be comfortable with financial security and flexibility or will you just get by? Maybe you will be comfortable, financially free and able to enjoy lots of life’s luxuries. This video is part of a series of videos that will give you an idea of what pension you might get and how to find out. DEFINED CONTRIBUTION PENSIONS - ANNUITY Most people today will be paying into a defined contribution pension. You pay in, your employer pays in and the government gives you tax relief which also helps top up your contributions. For someone who is low risk and wants certainty for their retirement then the default option to turn your defined contribution pension pot into income is to go for an annuity. Essentially an annuity is where you give over your pension pot to an annuity provider and they will pay you an inco
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)