INTRODUCTION INTO PENSIONS
Most people have a real problem with understanding the various options they have when it not only comes to starting or funding a pension but actually retiring and ensuring they access them in an appropriate manner. Done incorrectly this can cause long term issues with tax, how long the money will last and what is actually right for you, not someone like you.
What ever your situation is, I have a high level of experience and understanding when dealing with people who are part of work schemes, have a collection of existing frozen schemes, are self employed or running a company and need scheme level advice.
VERIFIED Pensions Reviews
These are the most recent experiences from clients who needed help and advice to either consolidate pensions, set up pensions or retire.
What were the circumstances that caused you to look for an adviser?
I had various pensions and wanted to bring them under one banner and get some guidance on suitable pension funds.
How did Stephen Elvin help you?
Stephen pulled together my various funds with very little work from myself, clearly explaining all through the process what was going to happen and advised me on my other investments.
Have you seen the outcome you were hoping for?
Yes, My pensions have been pulled together and my other investments changed. The funds are doing ok considering the economic climate we are in.
What could they have done better?
Stephen was excellent at explaining everything, very approachable, making my decisions much easier for me to decide, kept me informed of what was happening at all times and i look forward to my next review.
What were the circumstances that caused you to look for an adviser?
We required a person who had the ability to offer us a broader service to help with our investments and pensions
How did Stephen Elvin help you?
Steve listened very carefully to us and really got to know where we were at the initial interview and where we would like to be in the future. He was able to offer suggestions instantly, but took our paper work away and came back with a variety of ideas for us to choose from.
Have you seen the outcome you were hoping for?
Yes we have and are very pleased with the outcome
What could they have done better?
We don't think Steve could do any better, he keeps himself up to date with the financial markets and he makes you feel confident, important and appreciated. Keep it up Steve.
Self Employed Setting Up Pensions
It’s all too easy to forget to get a pension when you’re your own boss. But the fact is that self-employed or not, saving for your future is vital if you want a comfortable retirement.
With so many choices and types of pension, this is a really important area to discuss and plan based on your needs.
With pensions, the government gives tax relief equal to the highest rate of income tax you pay, and if you’re a higher or additional rate payer, you can claim even more tax relief when you fill out your self-assessment tax return.
Pension Transfers
Why you want to transfer pensions is very important to understand. Some people just prefer having all their pension savings in one place, to make it easier to keep track of them and this is a valid reason for consolidating.
That said, if you are coming up to retirement and your current scheme doesn’t offer the retirement income option you want, it could be consolidating all your pension pots into one scheme that has the flexibility you need.
That’s why, unless you are very sure you understand the implications of transferring, it’s vital to consult and take financial advice so I can cover the pros and cons of all the various options.
WORK BASED PENSIONS
Work based pension schemes are where you are opted in or could have been part of a scheme for a long period of time building up your retirement pot.
You might have more than one pension if you’ve worked for different employers over time and it can get very confusing to understand what your retirement may look like.
This is a very intricate area and requires detailed analysis to consider what you have in place and how to compliment it or simplify your plans. Financial advice is essential before any scheme is sacrificed, changed or benefits are taken.
Draw Down Pension Advice
With income drawdown, also known as 'flexi-access drawdown' you keep most or all of your pension pot invested and draw an income from it.
Unlike other options, the income isn't guaranteed for life, so this option carries more risk that your money might run out before you do. However, in return for risk you do gain more flexibility with income drawdown as you can vary the amount you take according to your needs.
As with all areas of pension advice, it's essential to take advice and ensure you are not taking out to much from the pot, and that the pension is wisely invested and managed for you in retirement.
Controlling your retirement
Given this is a very important area of your life, it all starts with a conversation and an idea of what concerns you and how I can help.
By filling in the enquiry form, this could be a simple straight forward conversation that costs nothing but means you understand where you are with your plans.
Alternatively, it may mean we need to sit down together for a more in depth consultation, this is to ensure your provisions are at the level they should be for your retirement.
This is at no cost obligation to you, giving you the opportunity to evaluate your options and the service I can provide.
I aim to respond to all enquiries within a 24 hour period, if your query happens to be urgent for whatever reason, please state this within your enquiry.
Alternatively I can be reached on 01278 555 113 or touch the Messenger icon on the screen.
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