Best Advice

Pension Transfers

 
 
Your pension should be one of the biggest, most important investments of your life and it is therefore important that you review your plans on a regular basis.
 
One of the concerns of many of the clients we help is that they have too much paperwork from a number of different pension pots that have accumulated over the years, making it difficult and confusing when trying to work out what retirement income that can expect. These plans may includecompany pension schemes, retirement annuities contracts, personal pension plans, stakeholder plans, Additional Voluntary Contributions and Free Standing Additional Voluntary Contributions, executive pension plans, Small Self Administered Schemes and Self Invested Personal Pension Plans.
 
Some older style personal pension plans carry high charges that eat into their value. This is even more damaging if you’re no longer making contributions.
 
What we can do for you and your pension:
 
*        Analyse your past and current pension arrangements and assess how hard they are working for you.
*        Inform you of the advantages and disadvantages of each individual pension arrangement including guaranteed annuity rates, enhanced tax free cash, transfer penalties.
*        Examine the benefits of consolidating some or all of the arrangements to make them more manageable.
*        Assess the gap between the pension you need and the pension you are on track to receive
*        Advise you on the best ways to build pension provision.
*        Confirm all our findings and advice in a written report to you after researching the market thoroughly and selecting products and providers to meet your needs, where this is appropriate.
*        Execute your instructions once you have made a decision.
*        Provide an ongoing monitoring and advice service if you require it.
 
 
If you wish to discuss the above further or require information on any of our services, then please contact us. 
  
 
Any reference to legislation and tax is based on FPP’s understanding of UK law and HMRC practice. These may be subject to change in the future. Tax rates and reliefs will also change and their value to you will depend on your individual circumstances. No guarantees are given regarding the effectiveness of any of the above strategies.