Pension Advice

Good Financial Planning makes Retirement possible.

When your work stops you will need more than your state pension to enjoy a leisurely retirement. Many people know what they want to do in retirement – fewer people know how to afford it. Hence the need for 'Pension and Retirement Planning'.

Nowadays retirement is a journey not an event, with many more people phasing in retirement by reducing their working hours at an earlier stage to get a better work life balance.

But all this needs good financial planning and the sooner you start, the more control you have over your future plans.

Start your Retirement Savings

• •  Regular savings in to a pension plan over a longer period of time brings the potential for better results with tax efficiencies and pound cost averaging;


• •  Tax relief from HMRC on your contributions gives your savings an initial boost (Tax relief on 100% of earnings or contributions up to £40K whichever is the lower);


• •  If you are a Business Owner/Director a pension is a tax efficient method of profit extraction for your business;


• •  What income do you plan to have in retirement?

If you have one or more Pension Plans:

• •  Is your plan growing in line with your future requirements?


• •  Is your plan cost efficient and properly managed in line with your attitude to investment risk?

For Businesses

• •  Is your existing Workplace Pension Scheme fit for purpose?


• •  Can you utilise pensions to purchase commercial property?


• •  Could you use your pensions to provide funding to your company to help it expand?


• •  What is a SIPP? – what is a SSAS? – What difference does it make to my business?

Nearing Retirement – or time to access your Retirement Savings?

Recent changes in government legislation has enabled greater flexibility in retirement planning, but that also adds a layer of complexity and risk for the unwary.

• •  When do you receive your State Pension and how much will it be?


• •  How to access your retirement funds tax efficiently?


• •  What capital amount do you require?


• •  What income do you require?


• •  How long will your money last?


• •  How do you get good value from your Retirement Savings?


• •  What risks can you afford to take?

Please Note: The value of an investment may go down as well as up and you may not get back the full amount invested. You may be liable to pay UK Tax on any investment.

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

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