Pension Planning
There is a lot of legislation and the rules are far from straightforward.
Pension queries tend to fall into one of these categories. Click on the relevant one to find out more:
I have concerns about my existing plans
A significant number of our clients come to us with a mixed bag of pension schemes taken out over many years. As a result, they are uncertain about whether their old plans are cost effective or performing in line with their wishes. Making a proper assessment of old plans and their current suitability is something we do every day. We will start by getting the latest information from the relevant providers, and we will then consider whether your money is best left where it is or whether it should be moved to a new plan with better prospects for achieving your retirement objectives.
I am looking to invest in a Pension plan
There are lots of points to consider:
- do I have access to a company scheme?
- if I am in a company scheme, are there opportunities to pay more?
- do I have existing plans that I can restart or increase?
- how much risk am I prepared to take to get the growth I need?
- how much should I contribute to achieve my income objectives in retirement?
Our role is to analyse all the options based on a full understanding of your circumstances and objectives. Low cost personal pension products may be suitable for you. If you are building a sizeable pension pot, alternative options such as Self Invested Personal Pension Plans (SIPPs) might give you more control of the underlying investments. We will make clear recommendations in writing once our analysis is complete.
I need help understanding my Occupational Pension scheme
You are not alone. We deal with numerous queries from members of occupational schemes. What income am I going to get at retirement? What happens if I leave? What other benefits does it give me? Can I pay more in? Will I have a problem with the latest lifetime allowance limits? Will a big pay rise create a tax charge? The list is endless.
Our role is to analyse your scheme details and answer any questions you might have.
I want to understand whether I am on course for a comfortable retirement
The start point for these discussions is to understand when you want to retire and how much income from all sources (in today's terms) you need/want.
Based on this information, we can obtain projections of benefits from your existing schemes and calculate whether there is a shortfall between what you are on course for and what you need/want.
We will then help you to create a plan to deal with any shortfall and keep that plan under regular review over the following years to help you achieve your objectives.