Pension Planning

Today there are a number of tax efficient ways of providing for a comfortable retirement. The area is complex and choosing the right vehicle requires a detailed understanding of your circumstances, tax status, employment status and more.

– Stakeholder Pension
– Personal Pension
– Group Personal Pension
– Executive Personal Pension
– Employers Schemes
– Self Invested Personal Pension
– Small Administered Schemes

Retirement Planning

This is all about knowing how to maximise the income from your pension arrangements and other assets, whilst taking into consideration tax efficiency, inheritance tax, your beneficiaries, flexibility and of course control. Scott and Casey Financial Management Ltd can provide detailed advice following a thorough financial review. Some tools of retirement planning include:

– Annuities
– Phased retirement
– Income drawdown – including Flexi Access Drawdown

Premiums are usually fixed for the first 10 years of the policy, and each 5 years thereafter, after which the policy is reviewed and the premiums or the sum assured may need to be amended depending upon investment returns. Management fees also eat up a portion of the premiums.