Time to tidy that pension drawer?
Chris Broome – Chartered Financial Planner
A lifetime of working hard, saving carefully, and raising a family often results in one likely outcome, a filing cabinet full of paperwork that you’ve collected but with no real idea of what it all means and it’s material value to you and your future.
In need of Attention
Within this paperwork is likely to be a collection of personal pension plans, most likely ex-employer schemes, including stakeholder pensions, that are sitting there redundant of any real attention.
It’s probable that you have no idea as to whether these pension plans are going to provide you with the retirement income that you need. You may even be in the camp of not actually knowing how much you need to have saved to provide you with a comfortable retirement.
One Plan
If this sounds like you don’t despair, we offer a Personal Pension review service designed to help you get better organised, well ahead of your chosen retirement age.
Taking into account your needs, circumstances, and preferences, we may be able to simplify and streamline all of your historic pension plans into one cohesive joined-up retirement strategy, reducing your paperwork, and providing you peace of mind.
Your Lifestyle
Certain Personal Pensions may have valuable benefits such as guaranteed annuity rates and so a recommendation may also involve keeping what is assessed to be suitable.
Any agreed retirement strategy will be engineered to focus on your personal situation today, your future retirement income needs, and most importantly, your aspirational lifestyle goals. A dignified lifestyle where you live in comfort and happiness; how good does that sound?
Next Steps
As always, if you’d like to start a conversation about how best to tidy your pension drawer, please contact us.
The work at hand may be a lot simpler that you think.
A pension is a long term investment, the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
Information is based on current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change.
