Trustworthy and Professional Financial advice
Will you be happy to live on a maximum of about £175.20 per week (should you even qualify for this amount) when you retire?
That is approximately how much you can expect from the state.
The onus, therefore, is now firmly on self-provision.
If one is available from your employer then you may want to join an Occupational Scheme otherwise you can set up your own Personal Pension or Stakeholder Plan.
Pensions are one of the most effective ways to save money because you can get tax relief on the money you save into a pension scheme.
There are many complex issues surrounding pensions but with effective Independent Advice we can guide you through this maze.
Do you have a number of frozen or paid up pensions with different companies? If so, you may wish to consider consolidating them into a single, more manageable and flexible plan. Each individual case is assessed separately before any recommendation is made.
We also do not directly advise on the transfer of defined benefit (final salary) schemes.
What about once you retire?
New 'Pensions Freedoms' now give pension savers in certain schemes flexible access to all or some of their pension savings after April 6th 2015. Annuity, Flexi-Access Drawdown, Uncrystallised Funds Pension Lump Sum, Longevity, Sustainability of fund, Investment considerations, Taxation Implications and Estate Planning are some of the main issues that need to be considered.
Whilst Shaun Start Financial Planning fully supports the rationale and ethos behind the government's new rules, we also believe that 'Guidance' may not go far enough for most people looking to take advantage of these new rules. We believe that full, Independent Advice should be sought before any action is undertaken. We will explain all the nuances and considerations of the new rules and will offer strategic planning advice and, importantly, we will only act in the best interests of each client.
Contact us now to enquire further.
Shaun Start Financial Planning is authorised and regulated by the Financial Conduct Authority.
Principal: Shaun Start.
Shaun Start Financial Planning is entered on the FCA register (http://fca.org.uk/register/)
under reference 228614.
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