Retirement

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When was your pension last reviewed. Is your pension invested in the most suitable way for you? Regardless of the life stage you have arrived at, it is important to receive expert and professional advice on your pension plans and requirements.

Since the introduction of new rules, pension savers have been able to withdraw all their capital from their pension funds. Are you aware that you may face a large tax bill if you withdraw more than your tax-free entitlement of 25%.

Under new rules, money held in defined contribution pensions does not form part of your estate when you die, meaning beneficiaries inherit your pension free of inheritance tax (IHT). IHT can be payable  at 40% on assets over the current £325,000 threshold.

*The value of the pensions can fall as well as rise. You may get back less than you invested.

*Tax Treatment depends on individual circumstances and is subject to change.

*Inheritance Tax planning is not regulated by the FCA.

Book an appointment to discuss the new rules and how they could affect you, review your pension or start planning for your retirement. Call us on 01304 268301.