Pensions & Retirement
It is never too early to consider retirement planning. However, once you reach the stage of considering your retirement income, professional financial advice becomes even more important. The choices you make at this time will affect your lifestyle, so you need to make sure they are right.
Pensions can be an effective form of tax planning, based on current rules, enabling tax-free growth and a tax-free lump sum. Depending upon individual circumstances, you may be able to reduce immediate income tax bills through pension contributions. However, for deaths occurring on or after 6 April 2027, passing on most unused pension funds to the next generation may incur an Inheritance Tax liability, as these funds will be included in your estate for IHT purposes.
It is essential that you review your pension situation regularly. We can advise you on taking steps to maximise the income your pension pot will be able to achieve when you retire.
We can guide you through this and other key life decisions and advise you on tax-efficiency, helping to make sure that you are saving enough into your pension, enabling you to enjoy the retirement you deserve.
Options are varied and will be tailored to your circumstances.
Advice on taking benefits from pension schemes
We are experienced in providing advice on the many options available when taking benefits from pension schemes, including:
- Flexi-access Drawdown
- Phased Retirement
- Pension Lump Sum Investment/Portfolio Planning
- Capped Drawdown Review
- Annuity Purchase
- Impaired Life/Enhanced/Smoker Rate Annuities
- Investment Linked Annuities
Be aware
Our services relate to certain investments whose prices are dependent on fluctuations in the financial markets beyond our control.
Investments and the income from them may go down as well as up and you may get back less than the amount invested. Past performance cannot be used as a reliable prediction of future performance.
Tax planning, estate planning, or trusts are not regulated by the Financial Conduct Authority.