Pensions

Pensions

We may not all want to retire to a villa in the Bahamas. Most of us what to simply enjoy the things we never had the time to do in our working life.
Simply put, retirement should be a time to enjoy ourselves, but how can you be sure you will have sufficient income to do just that?

Many people get a nasty surprise when they retire because their Pension plans don’t provide the kind of lifestyle they dreamed of.  Changing regulation, employers struggling to meet their Pension obligations and continued low levels of State Pension, are all adding to the complexities of Pension planning.

The good news though is that in April 2015 the government gave more options to those retiring. Based on the new rules, you will have the option to take your defined contribution pension savings as cash, buy an annuity, use a drawdown pension without any limits, or use a combination of any of these. Of course, you need to have the pension funds in the first place to make these new found options work to your advantage.

As Independent Financial Advisers, we can help by offering financial advice to guide you through the retirement maze. We can review your existing arrangements, identify any shortfalls and recommend ways to ensure your Pension plans remain on track to provide the retirement you want. We’ll explain everything in an easy to understand way and can arrange to review your arrangements on a regular basis.
To find out more or to arrange a meeting so I can help you with your individual circumstances, please call 0203 1988 849.

A PENSION IS A LONG TERM INVESTMENT. THE FUND VALUE MAY FLUCTUATE AND CAN GO DOWN, WHICH WOULD HAVE AN IMPACT ON THE LEVEL OF PENSION BENEFITS AVAILABLE. YOUR PENSION INCOME COULD ALSO BE AFFECTED BY INTEREST RATES AT THE TIME YOU TAKE YOUR BENEFITS. THE TAX IMPLICATIONS OF PENSION WITHDRAWALS WILL BE BASED ON YOUR INDIVIDUAL CIRCUMSTANCES, TAX LEGISLATION AND REGULATION, WHICH ARE SUBJECT TO CHANGE IN THE FUTURE.