Are you thinking about starting a pension? Is your current plan still suitable?
Planning today could improve your income when you come to retire. A pension gives you the peace of mind for your retirement. Below we list a range of different pensions that may be appropriate for you. You can arrange a no obligation consultation by calling us on 01622 692224 or by searching for your local financial adviser.
FULL RETIREMENT FINANCIAL PLANS
A full retirement financial plan allows you to see everything you need to receive the income and retirement age you desire. Our full retirement financial plan allows you to plan for the future today.
A personal pension is usually taken out by an individual rather than an employer. The pension can be built up by paying in regular amounts and/or paying in lump sum. Pensions are a tax efficient way of saving up for your retirement and you may also receive tax relief from the Government on your contributions. You can currently access your pension from age 55 whether or not you choose to retire at that time.
SELF-INVESTED PERSONAL PENSIONS
Self-Invested Personal Pensions (SIPPs) are similar to personal pensions; however they are generally very competitively charged and provide access to a larger range of investment choices. They also offer the flexibility to deal with changing lifestyles.
CORPORATE PENSION / WORKPLACE PENSIONS
Corporate (or workplace) pensions are schemes set up by employers for their employees. The employer will automatically put a percentage of your pay into your pension every payday and will usually also contribute to the scheme as well. In addition you also receive tax relief from the Government on your contributions.
DRAWDOWN PENSION PLANS
Drawdown Plans allow you to keep your pension invested while you take a regular income or a lump sum without the need to buy an annuity. There are a number of options available, particularly with the legislative changes that came into force in April 2015, known as ‘Pension Freedom’.
An annuity, in return for the money you have saved in your pension, will give you a guaranteed annual income for life or a fixed number of years. We can help you decide whether an annuity is the right choice for you.
The value of investments can go down as well as up and you may not get back the full amount you invested.
The past is not a guide to future performance and past performance may not necessarily be repeated
Core Financial Services Ltd is authorised and regulated by the Financial Conduct Authority member no. 471184. Financial Conduct Authority - http://www.fca.org.uk/
Registered in England. Company Registration No: 5428054. Registered Office: Kings Lodge, London Road, West Kingsdown, Kent TN15 6AR
Please note our telephone number has changed. Any calls made to our previous 0844 number will cost 7 ppm plus your Telecoms provider’s Access Charge