Retirement Planning
Pensions. An emotive subject. Complex and shrouded in intricate rules.
At Concierge Wealth Management we refer more so to “retirement planning” than “pension planning”. Retirement reflects a period of freedom, fun and good living. Pensions often inspire ideas of risk, loss, restrictions and high-profile financial failures.
We are here to help you structure and plan for your time after working life. We will maximise your options under tax law and ensure you use the allowances afforded to you as much as possible.
Since 2015, the rules surrounding pensions have been made considerably more flexible. The options and benefits have been improved in many ways to ensure saving for our own retirement is as attractive as possible without too much dependency on the state.
At the same time, the Chancellor has reduced the amount of tax benefits that can be claimed each year, and so more than ever clever planning and specific assessment of your needs and options should be made yearly to ensure you are maximising potential benefits and opportunities.
It is never too early to commence retirement planning, and in truth, never too late to improve it. The cost of delaying action can be high. We will seek to maximise your benefits effectively. We can advise you on:
- The suitability of the investments chosen for your retirement plan
- The contract terms
- The amount of contributions paid to the plan
- The tax planning techniques used to maximise benefits
- Death benefits
Initial Consultation
We offer an initial consultation on retirement plans without charge and we are happy to assess the suitability of your arrangements in comparison to your objectives. We will provide an overview of advice before you are subject to any fees or obligation to us.
We work with all types of pension schemes and can provide advice on the areas of:
- Personal Pensions
- Self-Invested Personal Pensions (SIPPS)
- Commercial Property Purchase via Pension
- Annuities
- Drawdown Options
- Pension Commencement Lump Sum (PCLS) considerations
- Salary Exchange (Salary Sacrifice) benefits