Pension Advice

An in-depth review of your current financial situation will reveal how well you are set up for a financially independent future.  Seeking pension advice from a qualified financial advisor is always recommended before making any sort of decision.  

Have UK Pensions or moved them to a QROPS?

Complimentary reviews can be conducted to distinguish firstly which type of Pension Scheme you may have i.e. Money Purchase, Final Salary, QROPS or a SIPP.  During a review, we shall look at the following aspects:

• Solvency of current scheme (Final Salary related).  Is there a guarantee that the scheme will pay out it's liabilities owed?
• Charges being paid out such as the scheme fees, fund's annual management costs, administration and duration of charges.
• Age of Access - 55, 60, 65? Every scheme is different.
• Flexibility of Income - Having the choice of taking what you want, when you want can help with emergencies, tax planning and enjoying your pension the way you desire.   
• Fund Performance can make all the difference to you achieving your target pot size by retirement.  
• Currency choice is vital in a world where we don't normally stay put.  Having the option of holding USD or EUR can be extremely useful.
• Succession - Do you have the option to leave your pension to loved ones?
• Tax planning can sometimes be forgotten but can help mitigate against unexpected costs.  

Retirement planning

It is essential to routinely put money away for our later years throughout our working lives.  The best way is to start saving as early as possible.  Too many put it off altogether or don’t save enough to realise their own long-term goals of retiring at the age they want.  

I can help no matter what age you are starting at, but the later you leave it, the more difficult it will be.