Areas of Advice
Pensions
Why you may need advice
Most people recognise the necessity of saving for their retirement. The problem is that many people leave it too late or make inadequate provisions for their later years. With improvements in health care most of us can look forward to a lengthy retirement, but poor financial planning can turn these years into a struggle rather than a time of financial security.
Pensions continue to be a central part of an individual's balanced financial plan, offering the valuable benefits of tax breaks both on the contributions made, and the tax-free cash available on retirement. But how do you decide which type of pension to use or how much to contribute?
Pension planning does not end at retirement. The choice of the right type of annuity, or alternative income producing retirement plan, such as Income Drawdown, is vital to your financial wellbeing during your retirement years.
However, a secure financial future in retirement may also require advice on tax planning, the use of trusts and other aspects of investment management. We are able to offer help and advice in these too.
Pensions A-day
In addition, beginning in April 2006 the government is making some significant changes to the way pensions work, which will affect nearly everyone with an existing pension and those who are considering taking out a pension.
If you have a personal pension, or are a member of an employer's pension scheme it is advisable for you to seek a review of your current and future financial retirement planning before April 2006.
Exclusive Pension Advice
As Independent Financial Advisers Exclusive Asset Management has the knowledge and expertise to help you understand and act upon the changes that are soon to be upon us.
Contact us now to advise you on taking out a new pension or for a free review of your existing retirement planning.
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