Pensions

Provide financial security for your retirement

You may have collected numerous pension ‘policies’ over your working life.  It may be worth considering consolidating these into one single, flexible investment policy.  This allows a consistent investment approach to be applied to your entire pension portfolio, enabling the money to be actively managed on an ongoing basis.

Furthermore, those approaching retirement (or semi retirement) may wish to draw a tax free lump sum and/or income from their pension fund(s) known as annuity.

State Pensions

A simple fund based contract where you (and perhaps your employer) put money in, and in due course you use the collected fund to buy a pension, and can also take up to 25% of the fund (excluding any portion of the fund in respect of being contracted out of State Earnings Related Pension scheme or Second State Pension) as Tax Free Cash.

Stakeholder Pensions

This is a low cost pension contract that can be used by a wide range of people who wish to save up to £300 per month for their retirement.

Occupational Pensions

Company pensions are pension schemes run by an employer for the benefit of their employees and are generally paid for by the employer, depositing money (contributions) into a fund. Often the employee is also required to contribute. It is normal for these contributions to be invested in a fund held separately to the assets of the company. This fund is then used to provide a pension for the employee when they come to retire.  Advising on taking retirement options is vital to an employee making the right choices.

Personal Pensions

A simple fund based contract where you (and perhaps your employer) put money in, and in due course you use the collected fund to buy a pension, and can also take up to 25% of the fund  as Tax Free Cash.

Executive Pensions (EPP)

These are largely for senior staff, directors and company owners.

The details are very complex, but in general it is a matter of the employee and employer putting in contributions to build up a fund that can be used to buy a pension.

 

 

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