Are you aware of your pension choices?

We are living longer but many people are not saving towards their retirement.

People in the UK are living longer than ever before but many people are not saving towards their retirement.

It is important to plan ahead for your retirement, as the basic State Pension is designed to provide only a minimum amount of income during retirement.



Occupational Pensions

An occupational pension is a scheme set up and run for company employees, into which your employer might make contributions on your behalf. This could be the increasingly rare ‘defined benefit’ scheme (also known as a ‘final salary’ scheme), in which the amount you receive depends on the number of years’ service you gave to the company. However, it is more likely to be a ‘defined contribution’ scheme, in which you and/or your employer make a fixed level of contribution and the final value depends on the performance of the underlying investments.




Auto Enrolment

Until recently, your employer could choose whether they offered a pension scheme.

However, from October 2012, employers became obliged to ‘auto-enrol’ qualifying employees into either a qualifying in-house scheme or the new National Employment Savings Trust (NEST).

Both you and your employer have to make a minimum contribution and the Government will also contribute via tax relief.

To be eligible for auto-enrolment employees need to be aged between 22 and State Pension age, earn more than £10,000 a year and work in the UK.




Personal Pension Schemes

Personal and stakeholder pensions are schemes organised by the individual for their own benefit.

Stakeholder pensions are a simple, low-cost option designed to encourage lower earners to save for their future.

The more you save, the more money you have to invest for your future and the better your underlying investments perform, the higher that value is likely to be. Stakeholder pensions are a simple, low-cost option designed to encourage lower earners to save for their future.

Individual personal pensions can offer more choice than stakeholder pensions and may offer additional benefits that will make them easier for you to manage.

You should consider all your pension options as early as possible and take professional advice.

Let us advise on your pension choices, we're experienced at dealing with occupational scheme transfers and can let you know if that is something you may be able to benefit from

Would you prefer to talk to a female adviser about your finances?

Would you prefer to talk to a female adviser about your finances? A recent report that shows many women are put off seeking financial advice due to it being a male dominated profession.

Looking to transfer out of your final salary scheme?

Look no further, we can answer your questions, review your pension, and will let you know if you could benefit from a final salary pension transfer.
read more »


Are you aware of your pension choices?

It is important to plan ahead for your retirement, as the basic State Pension is designed to provide only a minimum amount of income during retirement.
read more »


Using a lifetime ISA to save for retirement

Is the new lifetime ISA a better retirement option than a good old fashioned pension?
read more »


Will you be affected by the new Lifetime Allowance limit?

You usually pay tax if your pension pots are worth more than the lifetime allowance.
read more »


New Personal Savings Allowance

From 6 April 2016, if you're a basic rate taxpayer you'll be able to earn up to £1,000 in savings income tax-free.
read more »