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 on01304 268301.
Vanessa has over 20 years experience of working locally as a Financial Adviser. After a successful career working as a Retail Investment and Specialist Protection adviser at Halifax branch in Deal, Vanessa is now joined by Matthew to help continue giving valuable advice.
Vanessa Harrison Mortgage and Financial Planning is a trading style of Vanessa Harrison Wealth Management Ltd who is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority. Company Number: 8914911. Registered in England. Registered Office: St Andrews House, Station Road East, Canterbury, Kent. CT1 2WD
Offer services in Deal, Dover, Sandwich and all surrounding areas
Vanessa has over 25 years experience of working in Deal as a Financial Adviser.
After a successful career firstly working as a Retail Investment and Specialist Protection adviser at Halifax branch in Deal and then with St James’s Place Wealth Management, Vanessa is now joined by Matthew to help continue giving valuable advice.