Pensions & Retirement Planning

When it comes to providing for our retirement too many people are doing too little too late. Putting away even a small sum early on can make a big difference to the lifestyle you will enjoy when you retire. The golden rule for most people, is not to rely on the State alone. Most pensions benefit from tax breaks and nowadays you can even contribute to your pension if you don’t work.

Pensions legislation has changed dramatically in recent years. To see how the changes may have affected you, contact us… Pension legislation may be subject to further change.

Pension Planning

Today there are a number of tax efficient ways of providing for a comfortable retirement. The area is complex and choosing the right vehicle requires a detailed understanding of your personal circumstances, tax position, employment status and more. The following are some of the main types of pension contract.

  • Stakeholder pension
  • Personal Pension Plan (PPPs)
  • Group Personal Pension Plan
  • Executive Pension Plan
  • Employers Schemes (Occupational Pensions)
  • Self Invested Personal Pension Plan

If you would like a ‘no obligation’ chat about your pension arrangements and aspirations or if you have any concerns, please call us on 0161 495 9340.

Retirement Planning

This is all about knowing how to maximise the income (& Capital) from your pension arrangements (and other assets) and should take into consideration your personal circumstances, tax implications including inheritance tax, your beneficiaries, flexibility and of course, control. Haven IFA Ltd can provide detailed advice following a thorough financial review. Some of the main contracts available for drawing your pension benefits are:

  • Annuities
  • Phased retirement
  • Capped and Flexible Drawdown (Pension Fund Withdrawal)

A PENSION IS A LONG TERM INVESTMENT. YOUR EVENTUAL INCOME MAY DEPEND ON THE SIZE OF THE FUND AT RETIREMENT, FUTURE INTEREST RATES, AND TAX LEGISLATION
Contact us for Pensions Advice