If you want a comfortable retirement, you need to plan for it. Whether you have just started working full time and want to make sure your contributions are invested well, or you are approaching retirement and need to boost your retirement income, contact The Financial Advice Experts today to arrange a consultation with your leading local pension advice planner.
Early Pension Advice
You can optimise your retirement income by starting early thanks to compound interest. For example, a 25-year old worker who invests £50 per month for 30 years will contribute £18,000. At 4% interest compounded annually, their pension pot at age 55 will be £34,400. Conversely, a 50-year old worker who contributes £100 a month for 15 years at the same rate of interest will invest the same amount, £18,000, but only have £24,545 to reinvest for retirement.
In addition to compound interest, the Government pays tax relief on pension contributions which, at 20%, would mean that every £50 invested is boosted to £62.50, making the retirement pot after 30 years worth £43,000. The amount of tax matches the rate of income tax you pay so, as your career progresses, your pension investment will grow, even if you never increase the amount of your monthly contributions.
A Self-Invested Personal Pension (SIPP) can be an excellent way to invest, particularly if you like flexibility and freedom to change the way your pension is invested to optimise the return. Unlike other types of pension planning. SIPPs are a very hands-on way of utilising your savings and tax-relief to grow your retirement wealth, so they may not be right for people who are not comfortable making important decisions about how their money is invested.
The Financial Advice Experts work with pension advice planners who specialise in this area and can help you create a pension savings plan that works for you.
Group Personal Pension Advice
Many employers offer their staff the opportunity to contribute to a Group Personal Pension (GPP). With a GPP, you have a say in how your employer contributions are invested, as well as the opportunity to make personal contributions directly from your salary. Your employer decides on the pension scheme, but instead of a company having one large pension pool for all employees, each employee has an individual account.
Even if you are decades away from retirement, it is important that you have expert advice from an independent pension consultant to help ensure every penny is working hard to give you the retirement lifestyle you deserve. The Financial Advice Experts can advise you on how to invest your money so it will benefit you the most, and help you review your review your retirement plans so you can feel assured that, when the time comes for you to finish work, you will have the income you need to enjoy your retirement.
Our local pension planning consultants can give you expert advice about:
- Self-Invested Pension Plans (SIPPs)
- Group Personal Pension Plans (GPPs)
- Stakeholder Pensions
- Defined Contribution Pension Schemes
- Lifestyle Funds
We take care to match pension products to your financial goals, and can review these with you at key points in your life and career, so your money is always invested in the way that gives you the most benefit.
Enquire online to arrange your pension advice consultation today.
Meet Your Investment Goals
Investing can be complicated, but we don't think it has to be. As your personal plans continue to evolve through life our panel of financial advisers assess what is realistically possible and put the best plan in place to achieve them.
Plan For Your Retirement
Planning for retirement is a uncertain business and there are many different options available. Wealth managers will help construct a bespoke portfolio to maximise your long-term options through an array of retirement options.
Provide For Your Family's Future
Money can be complicated especially when it comes to planning for your family's unforeseeable future. As markets are volatile there are many things our IFAs will help you to think about - to both protect against and make the most of your wealth.
Our areas of specialism include
- Financial Advisors
- Financial Planning
- Inheritance Advice
- Investment Advice
- Life Protection
- Pension Advice
- Personal Finance
- Personal Protection
- Retirement Investment
- Saving & ISA
- Tax Planning
- Wealth Advisor
- Wealth Management