A pension policy could provide a tax efficient means of saving for eventual retirement. There are many types of pension available, and it is vital to take professional advice in order to ensure you have the most appropriate for your circumstances.

Following a major overhaul of HMRC regulations in April 2006, pension legislation has been simplified, but older policies require a detailed review to consider their ongoing suitability.

The value of your investment can go down as well as up, and you may not get back the full amount invested.

The Financial Services Authority does not regulate taxation advice.