Investing in your future
and your family’s future.
Why plan for your retirement?
Saving for retirement is an essential part of securing your financial future. Finding the right pension plan can help you achieve the life you want to live.
Where to start when saving for retirement
There are many ways to save money for your retirement. You might already have savings in an ISA or the building society, have invested in stocks and shares or own a rental property.
These are all sensible ways to generate retirement income. But the most affordable and tax efficient way to save for your retirement is through a pension plan. There are a variety of different pension plans available. It’s important to understand the differences between plans to select the one that’s right for you.
When helping you choose the right pension scheme we consider your employment status, how much you can afford to contribute, at what age you’d like to retire and how much money you’ll need to live on in retirement. We also complete a full review of any existing pension plans and consider the tax implications of your combined pension portfolio.
It’s important to review your pension plans on a regular basis to make sure they are performing efficiently and are in line with current legislation. We do this through an annual financial review to ensure you have the healthiest pension fund possible for when you need it.
It’s never too early to start thinking about your retirement and planning for the future. Our advisers are here to guide you through the pensions maze and secure a flourishing financial future for you and your family.
Pension Plan options
There are three main types of pension plans. Read more on all of these below
Usually arranged by an individual, not an employer, personal pensions are a type of money purchase plan. Also known as private pensions, this is a tax-efficient savings plan that enables you to save for retirement. Your pension contributions attract tax relief (up to annual limits) and can be made in various ways, regularly, in a lump sum, or as a combination of the two.
A SIPP is a type of personal pension that gives you the freedom and control to manage your own investment decisions by buying stocks and shares and a range of other assets. Any contributions you make to a SIPP will receive tax relief, up to certain limits.
Stakeholder pension plans allow you to build up a capital sum to provide you with retirement benefits. They can also be used to provide benefits to your family after your death. Contributions can be made by an individual or by your employer. Government rules and minimum standards on annual management charges apply.