Pension Planning

Pensions are simple in concept, but can be complex in practice. It is vital to seek expert advice in order to ensure that correct planning is arranged. At its most basic a pension is a fund that you build up over your working life in order to provide income for yourself in retirement.

While most people can rely on some level of State Pension, it is generally not enough to provide for you in the way that you would wish, therefore most people consider arranging additional pensions an essential part of their financial planning.

In order to assess your position and advise you correctly, our IFA will need to understand your previous history and any existing pension contracts you may have.

In short, our IFA will look at your present arrangements, assess the level of pension that your present arrangements might expect to provide at the time of your retirement, and then, if there is a gap between what you want and what you might get, advise you as to how best to invest with the aim of providing the extra retirement income you need.

In the course of your career you might have had various pensions with different employers, or through periods of self employment. This is a complex area, but discussion with our IFA  would give you the necessary information to enable you to decide what to do. In some cases consolidation or transfer may be a good idea.

Since the 1970's there has been many types of pension, and sometimes different types of scheme could have been given the same name. For example there were Retirement Annuities, which were sometimes called, for marketing purposes, Personal Pension Plans.

Our IFA will be able to assist you with all your pension requirements.