Pensions
Nowadays it is not unusual to live well into your 80’s. This means that you are going to need an income that will allow you to enjoy the longest holiday of your life.
Whatever age you are we can help you to plan for this event. The earlier you start the better but it is never too late to improve your current situation.
We work with you and ask a series of simple questions that will help us build a plan for you to improve your lifestyle in retirement...
- When would you like to retire?
- Do you have existing pensions?
- How much can you afford to pay each month to your pension fund?
- How much will you need each month to live on in retirement?
- Do you have investments that can supplement your pension?
- Will your income be sufficient however long you live?
- Will inflation make it more difficult to enjoy your desired lifestyle?
- What happens if you need long term care in the future?
Whatever your answers, we can help you: we provide comprehensive straightforward pensions advice on all types of pensions including:
- Personal Pensions including stakeholder pensions
- Pension Transfers
- Self Invested Personal Pensions (SIPP)
- Group Personal Pensions
- Company Pension Schemes
- Annuities, there are now alternative annuities that provide more choice
- Pension Fund Withdrawal (previously known as Income drawdown)
- Phased retirement
- Open Market Options at retirement
We also provide alternative solutions for your retirement funding. It may be more appropriate to invest regular amounts into an ISA to provide a lump sum at retirement rather than an income.
You can invest in buy to let properties to provide an alternative income stream.
You could even use your existing pension fund to invest in properties where the rental income is paid into your pension fund in a very tax efficient way.
Any capital growth in the property could also be realised when you retire to boost the funds available to buy you a higher pension.
If you are self employed you could buy your business premises with your existing pension fund and then benefit in a very tax efficient way from the rental income being paid into your pension fund.
If you would like to discuss your pension options please contact us.