Personal pensions are a way of saving for your retirement, in addition to the pensions you get from work or the state. There is no minimum age to start a personal pension. The sooner you start contributing, the longer the money will have to work for you. Delaying can have a big impact on the amount you may receive in retirement. However, it is important that the amount you contribute is affordable.
There are a number of benefits to saving in a personal pension:
Alan Boswell Financial Planners have been advising clients on wealth management, retirement planning, private medical insurance and employee benefits for over 35 years.
If you’re looking for personal pension advice in Norwich or across East Anglia our qualified independent financial advisers will take the time to get to know you and your objectives and to understand your attitude to investment risk so that the pension options recommended are suitable, making sure we understand which approach, style and budget suits you the best.
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.
The value of tax benefits depends on your individual circumstances and the laws concerning these can change.
The minimum age to take the benefits is usually 55.
The money cannot usually be accessed until age 55.
Pensions can usually be transferred to other providers. This is something we can help you with, to make sure the decision to transfer is the right one.
The money you have saved will usually be payable to your beneficiaries. We can help you complete the relevant paperwork.
There are a number of options available at retirement. We can help you establish which retirement income solution is most suitable for you.
Paul’s journey in financial services began back in Brighton in the late nineties where he had a brief spell with Aviva, or Norwich Union as…
Tony is a Director in our Wealth team who joined Alan Boswell from the national accountancy firm Grant Thornton in 2003. The Norwich office of…
Making sense of the pension options available from employers.
Understand the options that are open to you regarding your accumulated retirement fund.
With so many options available, our experts can help you to find the right product for your future.
Cashflow modelling: what is it, and how can it help you?
When planning for your long-term financial future, you should consider using cashflow modelling to help keep you on track to meet your goals.
Personal pensions: how to keep on top of your retirement savings.
If you’re putting money aside for your retirement, it’s important you know how much you’re likely to receive and how to adapt your savings habits to meet your goals.
The State Pension: how it works and how you qualify for it.
The rules around the State Pension change from time to time, so make sure you know what to expect when you retire and what options you have.