Address: AXA Sun Life Direct
PO Box 1810
Bristol BS99 5SN
AXA is a worldwide insurance group. In the UK, one of the AXA companies is AXA Sun Life Services plc, which distributes and administers financial products and services.
Since they first introduced their life cover for the over 50s in 1977, AXA Sun Life plc has gone on to help growing numbers of people prepare for the future with confidence.
By understanding and responding to the needs of their customers as they grow older, they have created a range of life cover solutions which can offer peace of mind and are easily accessible.
As well as gaining an unrivalled knowledge of the over 50s market, they have also extended their range of life cover options to younger age groups with their EasyCover term assurance.
Today their Guaranteed Over 50 Plan is the most popular Plan of its type in the UK and has over 655,000 customers. they believe its success is down to the fact that it’s easy to understand, easy to afford and easy to apply for.
Axa Sun Life is not endorsed by or associated with the Good Finance Guide. All trademarks remain the property of their respective companies.
Pensions FAQ
A pension is a tax-efficient means of providing for an income in retirement. The amount of income that the pension will provide will depend on the type of pension, the amount of contributions and how long a period those contributions have been made over.Pensions have traditionally been held by working people, but stakeholder pensions now allow for anybody to now possess and contribute to a pension.
A pension is essentially a long term savings scheme. In fact, it is probably the longest investment you will ever make. Once you invest money in a pension it is locked in place usually until you are over the age of at least 50, and it is very difficult, if not impossible, to release it early. It is obviously in the country's best interests for retired people to not be dependant on state benefits. Hence the government make putting money into pensions very attractive by offering tax relief on these contributions. The more tax you pay, the more attractive this is. Part of the price you pay for gaining this tax relief today is that you cannot get at your pension until a defined point in the future.
There are various different types of pension: employers', personal, stakeholder and state. In addition to these there are also various ways of "topping up" an inadequate pension: Additional Voluntary Contributions (AVCs) or Free Standing Additional Voluntary Contributions (FSAVCs).
