Pensions

Saving for retirement through a pension plan offers very attractive tax benefits, such as full tax relief on pension contributions, almost entirely tax free growth, together with a tax free lump sum at retirement. It is these benefits that make pensions one of the most efficient methods of saving for your retirement.

Pension legislation is subject to frequent change. There was a major overhaul of pension laws in 2006, but many people have yet to review their pension plans in the light of the new rules. We believe that the environment is generally more favourable for pensions now than it has ever been. So if you already have pension plans, we recommend a full review to ensure that you are taking full advantage of the new pension rules and if you have previously considered saving through pensions, but rejected the idea, now would be a good time to re-assess your pension options.

Why an effective pension strategy is important

Retirement is a time in our life when the mortgage should be long gone, the children are looking after themselves and it's all about free time to do what we want to do when we want to.

Unfortunately, free time costs money and only too often people reach retirement having made very little financial provision, depending upon the State pension for an income. It is true that the State will not let us starve, but it is very unlikely that it will provide sufficient benefits to provide for a holiday, new car, gifts for the grandchildren etc.

The demise of many employer funded pension schemes has hardly helped the situation and it is essential that we make sufficient provision from our own resources. That's where an effective pension strategy can help.

Pension Planning Expertise

A vital part of pension planning is investment and unfortunately this is something that puts a lot of people off. Whilst acknowledging that investment markets are volatile, in reality there is no need for anyone to take more risk than they are comfortable with - we have the expertise and experience to devise a pension strategy to ensure a successful outcome.

For further information on pensions, complete the enquiry form or contact one of our independent financial advisers on 01603 218000.

Important Note: The value of an investment and any income from it can go down as well as up and you might not get back the original amount invested. The past is not a guide to the future.