Pensions & Retirement Planning

PENSION ADVICE & RETIREMENT PLANNING

Are you concerned that you will not have enough income to be able to do the things you want to do at retirement?

Are you unsure as to how much money you will need in retirement?

Can you be confident your existing pensions are working hard for you?

How can you be sure that you make the right decisions with your pension provisions when you reach retirement?

Should I buy an annuity with my pension?

Pre-Retirement

We work with clients to providing them with straightforward advice to help them achieve their retirement goals. We can help people in the years before retirement, who want to ensure their pension plans are on track for when they retire.

We work with individuals who have accrued one or more pension pots over the years, whether these are pensions that have accrued from their previous employment, or personal pension plans that they have historically arranged themselves. We offer a comprehensive independent pension analysis service, frequently resulting in clients being delighted to learn that they can improve their financial position for when they eventually retire. We do this by completing a thorough analysis of their existing scheme(s), evaluating investment options and assessing pension charges so that we are able to optimise their pension arrangements for when they retire.

Other types of situations that we often help out with are;

  • Employed individuals who want to reduce the amount of tax they are paying
  • Business owners who need advice to legitimately take money out of their business in a tax efficient manner, whilst at the same time saving for retirement.

We discuss with our clients the level of income they will require at retirement so that we can provide a plan that will enable them to reach their goals.

We offer an ongoing service which means that we continue to work with our clients to monitor performance and advise and update them with changes in pensions rules and economic updates over the years. This enables them to be sure their pensions continue to move towards their retirement goals taking advantage of opportunities that arises.

At Retirement

We also work with individuals at retirement who need advice on the best way to draw money from a pension, so that they can be confident that they make the right decisions, and avoid potential pitfalls.

When a person retires and is looking to draw money from their pension, a lot of decisions need to be made which can be confusing and unnerving. Common decisions and questions that individuals face at retirement include;

  • Should I take the maximum tax free cash/lump sum available?
  • Should I buy an annuity at retirement, or how do I find out what other options are available?
  • How do I decide how much income I should take from my pension?
  • Can I protect my pension to ensure it continues to provide an income regardless of how long I live?

We work with clients guiding them through the maze they face when they reach retirement, so they are confident they are making the right decisions for themselves and their families.

Types of Pension

There are a wide range of pensions available in the marketplace, for example, Stakeholder Pensions, Personal Pensions, Self-Invested Personal Pensions (SIPPs), Small Self-administered Schemes, Occupational Final Salary Schemes, and Occupational Money Purchase Scheme.

With the rules around these schemes ever-changing and complex, it is essential that individuals take advice from a Chartered Independent Financial Adviser (IFA) to ensure they are doing all that they can to give themselves the best retirement possible.

Summary

We work with you to make the complex straightforward and help you to get the most from your pension(s).

In recent times the government has made huge changes to the rules surrounding pensions which has greatly improved and increased options available for individuals who have saved for retirement. This has made it more important than ever for you to take advice from a Chartered IFA (Independent Financial adviser) to ensure you are making the right decision for your retirement.

We work with individuals to make the complex straightforward and help them you get the most from your pensions.
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