PENSIONS

Pensions are not investments in themselves, but a tax efficient wrapper which can hold certain permitted investments. They have tax advantages over investing personally, but as a result, are governed by a set of rules which control how much can be paid in, how and when you take benefits and what you can invest in.

 

There are significant tax advantages in making pension contributions and we believe that pensions are likely to continue to be a very important and efficient way of providing income for your retirement. 

Our expertise is in helping our clients make the most of pension legislation both while they are saving, but also crucially at the time that they need to create income and or capital from their pension.

Typically, we assist with the following:

  • Lifetime and annual allowance planning

  • Setting up new pension arrangements, consolidating existing legacy arrangements and beginning the income process

  • Helping clients to take loans from their pensions to fund their business

  • Considering appropriate investments that will provide an index-linked income

  • Identifying and implementing strategies that maximise the tax efficiency of withdrawals to supplement income

  • Utilising pension funds to purchase assets directly from the client, thus releasing cash from the pension to the individual

Important Information: A Pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.