Pensions & retirement planning

The prospect of retirement can often seem a long way off, however, the sooner you begin to make provision the greater chance you have of building a retirement portfolio that will deliver the kind of lifestyle you desire in later life.

Watch our essential guide to preparing for retirement:

The basics to retirement planning

Planning for retirement can mean so much more than just arranging a pension, which is why it is important to discuss your objectives and options with an Independent Financial Adviser.

Together you can identify what you want to achieve and then actively plan a course of action that will help you achieve those objectives.

Retirement planning can take into account all sorts of factors, such as:

  • What are your objectives?
  • How much income can you allocate to your retirement provision?
  • What tools do you want to use to achieve your objectives?
  • What is your attitude to risk?
  • What are the tax implications?

Remember that plans and objectives constantly evolve and it is important to regularly review your retirement planning to ensure you remain on course.

How pension restrictions could cost you 

Pensions allowances will restrict the amount you can contribute to your pension before you are taxed. The current annual allowance is £40,000, but for high earners, the allowance can be tapered to as little as £10,000.

To avoid any confusion or financial penalties from unknowingly exceeding your allowance, an Independent Financial Adviser can:

  • Gather your sources of income to calculate your pension allowance
  • Make you aware of any outstanding tax
  • Advise you on how to be tax efficient
  • Help you submit an accurate tax return

Start planning to stop worrying 

If you would like to discuss your requirements with one of our Independent Financial Advisers:

  • Complete the enquiry form by clicking ‘arrange a meeting’ and we will contact you to assess your circumstances, review the market place and then present options for you to consider.
  • Or give us a call on 01823 250750.

What our clients say…

“I just wanted to say a big thank you for the valuable advice you gave me with regards to my NHS Pension. I managed to get my pension recalculated and the total was a lot more than the £100k which had been added. In fact it’s now just below £1.25 million, so I have applied for and received my Individual Protection 2016. And my annual pension is much more than it had been predicted, so I’m delighted, and it was down to your excellent advice!”


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