Pensions
Have you planned for your retirement?
Have you accumulated lots of separate pension funds?
Do you know how to draw your retirement benefits when they are due ?
Anyone who thinks that the State Retirement Pension will be all they need to enjoy a comfortable retirement should think again !
The UK's over stretched Social Security system means that a financially comfortable retirement will only come to those who have planned well ahead for this important stage of their life. The Government has made it clear that the onus on pension provision lies very much with us all individually. Obviously, the State scheme still exists but the cushion it provides to pensioners to stay above the poverty line is not very well padded. Not everyone automatically qualifies for a full basic pension, a fact that many people fail to understand early in their careers. To be eligible an individual needs to have built up sufficient contributions to the National Insurance fund.
There is currently a very wide range of pension arrangements available depending on whether you are an employee, self employed or own your own business. We have suitably qualified advisers to be able to advise on both occupational pensions (for companies) and personal pensions (for companies and also individuals). In addition many types of pension scheme offer both companies and individuals very valuable tax planning opportunities.
The choice of options that are available when clients reach their chosen retirement age is wide ranging with implications for both the pensioner and his or her spouse. We are able to offer advice to help client's make informed decisions at this very important stage of life.
Whether your pension requirements are complicated or straightforward, we will be pleased to offer tailored advice to suit your needs and circumstances.
The value of your investment and income from it can go down as well as up and you may not get back the full amount invested
