Retirement Planning

Reviewing your existing pensions

If you have a number of pensions set up by different employers over the years, then it’s a sensible idea to review these. Depending on your circumstances, we can help with:

Bringing your different pensions together into one plan

This may help reduce your overall charges and simplify pension scheme administration. Unlike some other non-advised services, we will assess whether your existing plans hold any valuable benefits that you may lose on switching – so it’s important to consider taking advice in this instance.

Ensuring you get value for money

Pension providers will charge you various fees to save for your retirement with them – some a lot more than others. We can help assess whether your current charges are justified, and if not, advise alternative plans which cost less.

Matching your pension investments to your objectives

Making sure the investments within your pension match your retirement plans can make all the difference. Many schemes assume a default retirement age and adjust your investments to match this end date. We can provide a more tailored approach; taking account of your specific retirement plans and attitude to different investment types.

How much is your pension company charging you?

Many older pension plans charge high fees when compared to modern day options.

Overpaying by even a fraction of a percent could reduce your pension by thousands at retirement.

Review Your Pension

Planning your retirement journey

Each person’s idea of retirement is unique – so having a personalised plan can help maximise your hard saved pension. We can help you determine your financial objectives to provide your ideal retirement by:

Assessing your income and expenditure needs to provide the type of retirement you would like
Making sure that your retirement savings are on track to meet your goals
Advising you through the many different options when it comes to taking pension benefits (for example, purchasing an annuity, drawing tax free cash, or flexible access drawdown)
Ensuring your retirement income is sustainable over the longer term
Reviewing your entitlement to the State Pension and assistance with making contributions to ‘top-up’ any missing National Insurance contributions
Ensuring that your pension income is taken in the most tax efficient way so that you keep more of your money

Setting up a new pension plan

If you would like to start a new pension to help save towards retirement, we can help with:

Choosing the best pension provider for your circumstances – assessing the right features, investments and ensuring best value for money
Maximising the tax relief available to you, whether you’re employed, self-employed, or a company director
Nominating your beneficiaries to ensure that your loved ones benefit from your pension should you be unable to
Ensuring your retirement savings are on track to provide the type of retirement that you would like
If you run a business, we can also advise on setting up a workplace pension to meet your responsibilities as an employer