Most people have plans and dreams for their retirement – and to help make them happen, most of us need to save. People are living longer than ever, and the state pension probably won’t be enough to make those dreams a reality. A private pension is a handy, tax-efficient way of saving money for an income when you retire.
The tax benefits of a pension will depend on your personal circumstances and tax rules, which can both change. We can guide you through the choices available whether you’re starting to save for retirement, want make sure you have the right retirement planning in place, or are almost ready to retire.
Congratulations! It’s an exciting time, and you’ll want to make the most of your pensions and savings. But there are lots of options out there. Should you take out an annuity – and if so, what type? Do you want to take your tax-free cash upfront? Should you go for income drawdown? Bring all your pensions into one pot? We’ll go through all these options with you to find the right one for you – so you can aim to have the retirement you’ve been dreaming of.
For business owners with employees, the auto-enrolment rules have been put in place to help make sure almost every employee has the opportunity to save into a pension. We can guide you through auto-enrolment to make sure you’re doing everything right. We can also advise on the most appropriate pensions and retirement planning for you as a business owner.
Speak to us today to get – and stay – on track for the retirement you want.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.