DC pensions are usually employer pension schemes but can also be privately held pensions. Since the halt of defined benefit schemes and employer enrolment most individuals now have Defined Contribution schemes in the UK.
Contributions are usually based on a percentage of earnings and the money is invested in line with an individuals investment objectives. It is important to keep on top of the type of investments you hold and contributions you are making.
Why are clients taking advice on DC pensions:
Lifetime allowance is the maximum a pension can be valued before a levy is applied. Please see below for more detail and to find our if you will be affected.
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Investment returns are not guaranteed and can go down as well as up.