Independent Wealth Management

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ISAs for Retirement Planning

Most of us know that ISAs are an excellent and tax efficient way of accumulating wealth.

During retirement, ISAs are also very useful for providing a tax efficient income to supplement your pension income.  Approaching retirement, growth funds can be switched to income yielding funds, which could also be lower risk funds.  Your accumulated ISA investments can therefore be used to provide an income, entirely free of income tax!

From 6th April 2010, the ISA allowance is £10200 for everyone.

With the new annual allowance of £10200 (That’s £20400 for a couple), there is now an excellent opportunity to accumulate significant ISA assets to improve your wealth in later life.

For more information on this and other tax efficient investments, please contact Barry Sears at Professional Wealthcare.

Please note:

This article is intended for guidance only and is not advice.

Remember, it is important that you seek a personal recommendation before choosing a plan that is suitable for your needs.

Investment returns may go down as well as up.

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Barry has been providing me with excellent financial advice since 2003. He has simplified and consolidated a number of pensions that I had started with various organisations through different employers over the years to one pension – making it much easier for me to have a clear view of my investments and know where I stand. I receive regular, easy to understand updates, with Barry providing the added value of explaining what it all means and offering advice on actions to take. Barry ensures that he keeps current with my financial and personal circumstances and is able to adapt and make excellent, informed recommendations quickly and clearly. I would highly recommend Barry and Professional Wealthcare for your financial management solutions. He is now responsible not only for the planning of my financial security, but also for that of my children.

Jill Wells

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