Pensions and Retirement Planning
Once you reach the stage where you are considering your retirement income, expert financial advice becomes even more important. Many of the choices you make at this time, and there are many which often are confusing and seemingly complicated, will affect your lifestyle in retirement so you need to make sure that choice is right.
Our role is to try and make the seemingly complicated, understandable; to cut through the complex world of pension’s legislation, and to focus on you and your goals and objectives. Pensions can be used as a very effective form of tax planning; reducing your immediate income tax liabilities, achieving tax free growth, providing a tax-free lump sum in the future and potential to pass on their value to the next generation (and beyond) without any further taxes being payable.
With years of experience we know that pensions can be seen as complicated and this gives rise to questions, some detailed below.
What pension is right for me?No two people are the same and we treat all of our clients as individuals. No solution fits all so we consider all factors that can affect outcomes before making a recommendation to you, allowing you to make an informed decision on what is right for you to be comfortable and financially secure in retirement.
I already have a pension and am coming up to retirement. What should I do to get the best value out of my pension fund?
Again, no two people's requirements are the same and we consider all individual factors.
If a guaranteed income in retirement is important to you, our annuity service allows us to compare what is on offer from your current pension provider with alternative providers in the wider market. With our experience and capability of researching the whole market, we have found we can, in most cases, achieve a higher income in retirement for our clients than that offered by their current pension provider.
If flexibility of income in retirement is important, again we help our clients. The vast array of options available can be daunting and that is where our clients benefit from our straight talking, no jargon, explaining what options are available and importantly, the advantages and disadvantages of each option to help make an informed decision as to what is right for them.