Pensions
Most people recognise that it is wise to plan for their retirement. This is especially true for those who are hoping to retire before the usual State Retirement age.
Putting aside a regular amount of money during your working life is one of the best ways to ensure that you will have sufficient income during your retirement. Investing into a Pension plan has historically been the most popular method of making these regular commitments. The tax advantages offered by the Government provide the opportunity for your Pension Fund to grow with virtually no tax. You are also currently allowed to draw a significant amount of your pension fund as a lump sum with no tax payable.
We have been looking after our clients’ pension assets for many years. We find that people often have an array of funds from old employer schemes, or perhaps from contracting out of the State Second Pension (Formally known as SERPS). For the client, this can seem like a ‘minefield’ of confusing facts and figures. In our experience, we find that with careful planning, significant improvements can often be made.
Please note that past performance is not necessarily a guide to future returns. The value of your investments can fall as well as rise.
For more information about Pensions call us on 01276 517700 or email advice@professional-wealthcare.co.uk
Related blog posts
Do you qualify for an enhanced annuity? (January 17th, 2012)
Do you know that if you are a smoker or have a medical condition such as diabetes, high blood pressure, heart disease or cancer, then you could receive a higher retirement income?
Depending on your medical situation, an enhanced annuity could give you up to 40% higher income than a standard annuity, guaranteed for life. Read more »
The importance of tax relief (January 12th, 2012)
When discussing retirement planning with our clients, a great deal of attention is always given to fund choice and the corresponding past performance figures.
However, it is important to remember one of the fundamental reasons why pensions should be the investment of choice for retirement planning. Read more »
A Bleak Future (August 4th, 2011)
Against a background of political wrangling about pension reform, a growing number of UK individuals face an uncertain – and uncomfortable – retirement. Read more »
