As life expectancy continues to increase, State benefits will not be sufficient to sustain an equivalent lifestyle during retirement. It is more important than ever that you make adequate provision to sustain your desired lifestyle in retirement. Pensions offer exceptional tax incentives including excellent opportunities for effective estate planning. However, with the limits on contributions and total accrued pension savings, we recognise that pensions are unlikely to be the only source of retirement income. Alternative investments alongside pensions will therefore likely be necessary to facilitate a further tax efficient income source during retirement.