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Pensions and Retirement Planning

Once you reach the stage where you're considering your retirement income, expert financial advice becomes even more important. Many of the choices you make at this time will affect your lifestyle so you need to make sure they're right.

Pensions can be also used as a very effective form of tax planning; reducing your immediate income tax liabilities, achieving tax-free growth, providing a tax-free lump sum in the future and potential to pass on their value to the next generation (and beyond) without any inheritance tax being payable.

It's essential that you review your pension situation regularly. We can advise you with taking steps to make it more certain that your pension pot will be able to achieve the income you want when you retire.

We can guide you through key life decisions and advise you on tax-efficiency, making certain that you're saving enough into your pension enabling you to enjoy the retirement you deserve.

Options are varied and can be tailored to your circumstances.

Advice on Taking Benefits from Pension Schemes

We are experienced in providing advice on the many options available when taking benefits from pension schemes, including:

Pension Fund Withdrawal (Flexible Drawdown)
Phased Retirement
Pension Lump Sum Investment/Portfolio Planning
Capped Drawdown Review
Annuity Purchase
Impaired Life/Enhanced/Smoker Rate Annuities
Investment Linked Annuities

Decisions that are made today can have an impact on your retirement income and lifestyle, so it's important to get the right advice. That's where we can help.

How does a Pension work?

A pension is basically a long-term savings plan with tax relief. Your pension contributions are invested so that they grow during your career and can then provide you with an income when you retire. Your State Pension, whilst giving you a basis for your retirement fund may not be enough to cover your needs.

The value of your pension can fall as well as rise and you may not get back the original amount invested.

What should I consider for My Retirement?

When planning for your retirement, the following should be considered: how much income you are likely to require when you retire, how much you are likely to receive by way of a pension to live on and what is the expected shortfall between your likely expenditure and your likely income?

Find a Lost Pension

Pension Tracing Services are not regulated by the Financial Conduct Authority.

You can find a lost pension by contacting the Pension Tracing Service online. You'll be asked to fill out a form. This service is free.

Find My Pension

Is my Pension likely to be Enough?

Many people in the UK either aren't saving at all for their retirement or they aren't saving nearly enough to give them the standard of living they hope for when they retire.

You can apply for a State Pension statement by filling out a BR19 form. You'll need to fill it in, print it and then post it to the Department of Work and Pensions.

Pension Statement

Calculate your Pension Shortfall

Calculate how much retirement income you might receive from saving in a personal, stakeholder or group personal pension using the pensions shortfall calculator

Pension Shortfall

Talk to us about your Pension

The pension market is forever changing and is highly complex. Please call us so that we may offer our advice in helping you make the most suitable choice for your future needs. We can help you assess your likely expected pension and look at ways you can address any shortfall.

A pension is a long-term investment, the fund may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

The value of your investment or pension can fall as well as rise and you may not get back the original amount invested.

The levels, bases and reliefs from taxation are subject to the individual circumstances of the investor and may be subject to future change.