Retirement Planning, Savings & Investments

RETIREMENT PLANNING

Because there are many different types of pension arrangements available, offered by many Life Assurance companies, it is often difficult to know which one would be best for you, your business and your family.

By carefully analysing your individual requirements and your situation, we can help you to choose a suitable scheme. We can then make all the necessary arrangements, so that it is implemented in the most effective and tax efficient way, on your behalf.

Some of the types of pension arrangements we will advise on and arrange for clients are:
· Personal Pensions for the self-employed or employees
· Executive Pension Plans for directors
· Small Self-Administered schemes and selfinvested personal pensions
· Group Personal Pension Plans for employees
· Stakeholder Pensions
· Annuities and Income Drawdown Plans

When retirement approaches, we will investigate the 'open market option' available in order to secure the best possible annuity rates.

Alternatively, we can arrange a flexible 'income drawdown' (USP) plan which enables the deferment of an annuity up to age 75, but with the ability to take the tax free cash sum, as well as taking a monthly income withdrawal. This can be in conjunction with a Phased Retirement Plan, in order to utilise the benefits of tax free income spread over a number of years.This can now be continued beyond age 75 as an ASP

SAVINGS AND INVESTMENTS

Our advice on recommending savings plans and investments takes into account:
· Your needs
· Your ability to pay
· The level of risk you wish to take
· Your tax situation
· Whether you require capital growth or income

We advise on and arrange, Tax-Free investments, such as Individual Savings Accounts (ISA's) and Personal Equity Plan (PEP) transfers.

Investments can be in Fixed Interest Securities, UK 'Blue Chip' funds or international Stock Markets, according to how adventurous you want to be!! Other options could be the less volatile 'with profits' bond, offering annual bonuses or a Guaranteed Growth or Income Bond.

So whether savings and investments are required for retirement income, school fees planning, inheritance tax planning, or simply the desire to save for the future, we can arrange the plans that are best suited to you.