Pensions
Pension Services
Pensions
Most of us recognise that we need to plan ahead to save money for our retirement. There is now an increasing emphasis on the need for individuals to pay into private pensions to avoid relying on the government for handouts in old age.
Pension planning is becoming increasingly complex, with the government offering a range of tax incentives and the pension providers offering a plethora of different products and investment funds. Pensions are the most tax efficient methods of savings, with tax releif given at your highest tax rate. No other investment offers such incentives to invest.
Which options are the best for you personally?
We can review your existing arrangements, suggest improvements and guide you through the personal pension-planning maze to ensure your future needs are met.
Many people come to us having accumulated numerous pensions over the years, none of which have any structure towards the client's retirement objectives. Quite often, the client does not know what they are worth, how they are performing, the charges being levied and what level of retirement income they are likely to provide.
We can advise on the feasibility of a consolidation of old pensions and can provide a jargon free explanation of the above. We can also advise on the suitability of a Stakeholder, personal or indeed a self invested pension.
As you approach retirement, you will also need an IFA to tell you which is the most appropriate way to draw from your pension. Is it through a traditional annuity, phased retirement, income draw down or a combination of these? Only an IFA can advise on every aspect of pension and retirement financial planning
We can offer impartial and sound advice to assist you with every aspect of your retirement planning. As we are independent financial advisers, we look at pensions from all market providers to source the most suitable plan for you.