The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Tax treatment varies according to individual circumstances and is subject to change.

What is a Pension?

  • A pension plan is just a type of savings plan to help you save money for later life
  • It has favourable tax treatment compared to other forms of savings

Funding your retirement (Pension Accumulation)

  • Most individuals will fund their retirement through the following sources:
1. Occupational Pensions - E.g. Group Schemes, Final Salary Schemes, Section 226 Retirement Annuity Contract (RAC), Section 32 Buy Out, AVC Scheme, Executive Pensions Plans (EPP), Small Self-Administered Pension Schemes (SSAS)
2. Personal Pensions - E.g. Self-Invested Personal Pension (SIPP), Stakeholder Pensions
3. State Pension
4. Investments

Formulating a retirement plan

  • Our tailored retirement plans will consider the following:
1. What existing retirement savings you currently have
2. What level of income you will require in retirement
3. If there is a shortfall (i.e. your existing pension savings are unlikely to provide you with the level of income you require), we can advise you on ways to make up this shortfall
4. Look at the most suitable and tax efficient methods of taking your benefits
  • There are various options including using your retirement savings to buy an annuity, take partial withdrawals from your pensions ('drawdown') or taking your pensions as a lump sum

How we can help

  • If you haven't started saving already for your retirement, we can set you up with a suitable pension
  • If you have accumulated various employer and personal pensions pots over the years, we can perform an analysis of these plans to assess their performance and suitability
  • We can advise of the most tax efficient way to take your income and from what sources.
  • We can inform you of the most recent changes to legislation and / or tax that may affect you