Pensions & Retirement Planning

Don't be one of those people who do too little too late! When it comes to providing for your retirement, putting away even a small sum regularly early on, can make a big difference to the lifestyle you will enjoy when you retire.

Pension Planning
Today there are a number of tax efficient ways of providing for a comfortable retirement. The area is complex and choosing the right vehicle requires a detailed understanding of your personal circumstances, tax position, employment status and more.

In order to assess your position and advise you correctly, we will need to understand your previous history and any existing pension contracts you may have. In short, we conduct an audit of your present arrangements; assess the level of pension that your present arrangements might expect to provide at retirement and then, if there is a gap between what you want and what you might get, advise you as to how best to invest to provide the extra retirement income you need.

One of the great attractions of pension schemes as a method of saving for retirement is that there is tax relief on contributions up to government set contribution limits. There is no other investment you can make which will give you 22% or 40% tax relief, depending on the highest rate of tax you pay.

Pension legislation dramatically changed on the 6th April 2006, and may be subject to further change in the future.

Retirement Planning
Good retirement planning is all about knowing how to maximise the income (& capital) from your pension arrangements (and other assets), and take into consideration your personal circumstances, tax efficiency, inheritance tax, beneficiary arrangments, flexibility, and of course control. We can provide detailed advice following a thorough financial review.

If you would like a 'no obligation' consultation about your pension or retirement arrangements, please call us on 01225 771540 for an appointment.

Retiring soon

Jargon buster

- Pensions