Retirement Planning

When clients raise the issue of retirement planning, they often refer to their pension planning. Pensions are undoubtedly a popular method of planning for what is hoped to be a prosperous retirement. However, they are by no means the sole vehicle which may be utilised to fund for this.

We as financial advisers consider that various investments and allowances should be utilised in order to provide both a flexible and tax efficient income stream in retirement. The list of options available is clearly extensive and a number of these are covered within our Personal Investments section. For those operating via the medium of a Limited Company, where surplus profit is being retained, this may itself be utilised as a retirement fund. The medium to long term investment opportunities that may be entertained for such monies are covered in our Company Investments section. Nonetheless, pensions remain a popular medium through which to provide for retirement.

In recent years, there have been many changes to the rules applying to pensions. However, on 6th April 2006, significant changes to the legislation brought about what is referred to as 'Pension Simplification'.

Please take the time to read the following pages regarding pensions to understand the changes that have occurred, both in regards to how pensions are legislated and the product offerings that have consequently emanated under these new rules.