Pensions are a tax efficient way of helping you plan and save for your retirement. Currently tax-relief is given on contributions made into pensions and you also have the ability of taking a tax free cash lump sum from pensions in the future – currently 55 is the earliest age you can release benefits from your pension. Whilst invested in a pension your money will benefit from tax efficient growth and you can also pass the value of your pension funds to loved ones.
Its never to early to start planning for your retirement.
Do you have old Pension Policies and are unaware of their benefits? Do you pay into a Personal Pension?
When was the last time someone took an interest in how your pension investments are performing? Having sufficient income in retirement should be a major financial priority, as it is obvious that one day you will retire and when you do, you will need an income.
There has been a number of changes to the pension market over the years, sadly some pension companies have not kept clients up to date with the changes in the market.
Some of the problems that have been affecting people are, poor performance, deterioration of customer service, high charges, if the fund has been closed to new business, the experienced manager may have left.
Company pension benefits are also changing, particularly for those of us who have left deferred (Paid Up) pension entitlements behind, as we’ve moved on from job to job. We have found from experience that what most people worry about is they don’t know their State Pension entitlement and/or they have lost track of any company pensions they may have had.
Both pre and at retirement planning can be complicated and needs to be set against your other financial needs and assets.
Products we cover in the retirement area, are as follows:
If you have one or a number of old pension policies and are unaware of their benefits and require an overview, if applicable, please Contact Us and we can arrange a time to discuss your options.