Pensions advice

Pensions aren’t the most glamorous of topics, but they’re something we should all consider. You’re going to need access to some money after you retire and the state pension alone is no longer a viable option.

Pensions tend to be a good option for most people because the Government provides tax relief on contributions. This boosts the value of the fund and also allows for the fund to grow virtually free of tax.

We can help with all aspects of pensions for both individuals and businesses including:

  • Pension reviews – got an old pension hanging around? Don’t just let it sit there for years. It probably won’t be working as hard as it could be for you. Let us review all your pensions and see whether there are any changes we can make to maximise your pension fund.
  • Private pensions – if you’re self-employed or not satisfied with your company pensions scheme, a private pension might be the solution for you. We can help identify the best option for you and take care of getting everything set up.
  • Company or occupational pensions – as a business owner, offering your staff a good pensions scheme can be a way to attract and keep top talent. We can help set up and administer your scheme.
  • Auto enrolment – businesses now MUST offer their staff access to a pension scheme. So if you’re not enrolling all staff in an occupational scheme, you need to know about auto enrolment. Find out more here.

Take a look at our Advice for businesses page for more details on how we can help businesses and business owners with their pensions.

Ready to access money from your pension? You can read about our Retirement Options Procedure here.

GET IN TOUCH

To find out more about how we can help you, pop in to our Norwich office. Alternatively, we are happy to come and visit you in your Norfolk home or office. Just get in touch to arrange an appointment.

Retirement planning

Most people recognise that it is wise to plan for their retirement to ensure that they have sufficient income and capital once they stop working. This is especially true for those who are hoping to retire earlier than their applicable state pension age.

Retirement planning is a two stage process:

  • Stage 1: Build up your retirement fund
  • Stage 2: Taking benefits from your fund to provide income and capital once you’ve retired.

Building up your retirement fund involves a combination of making sufficient contributions into any arrangement. But it’s also about making sure that your accumulated fund is working as hard as it can for you.

When the time comes for you to start taking benefits from your fund there is now much more flexibility than ever before thanks to a whole raft of recent legislation changes. This means it has never been more important to take professional advice regarding your retirement planning to make sure you’re using all available methods to achieve your objectives.

Planning for your retirement should always be done in a way to provide income to cover regular expenditure and also capital reserves for your occasional requirements. It is therefore becoming increasingly popular for clients to use additional arrangements such as ISAs to provide some of their benefits in retirement. We can help identify the right route for you.

GET IN TOUCH

To find out more about how we can help you, pop in to our Norwich office. Alternatively, we are happy to come and visit you in your Norfolk home or office. Just get in touch to arrange an appointment.

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