The golden rule is not to rely on the state pension alone. Most pensions benefit from considerable tax breaks, and you can even contribute to your pension if you don’t work.

Pensions legislation has changed dramatically in recent years. There are many new benefits for existing pension holders. To see how the pension freedoms may have benefited you, contact us.

Pension Planning

There are many different tax efficient pension schemes available, but they all have the same aim – to help you save money and provide you with a comfortable income in retirement.

Regardless of your stage in life, it is important to receive expert, professional advice on your pension plans and requirements. The area is complex, so choosing the right vehicle requires a detailed understanding of your personal circumstances, tax position, employment status and more.

Types of pension contracts include:-

  • 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

Planning for your retirement is all about knowing how to maximise the income and capital from your pension arrangements and other assets. This needs to 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 to help you make the best retirement planning, 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