Adding significant value through our expert knowledge of the market...
Pensions & Retirement Planning
We provide retirement advice to private individuals as part of their comprehensive financial planning. Our experience has shown that we can add significant value through our knowledge of the market.
The value of pensions and the income they produce can fall as well as rise, you may get back less than you invested.
The FCA do not regulate auto enrolment and tax planning.
Our Retirement planning strategies include:
- Annuities
- Group Pensions
- Personal Pensions
- Pre-retirement planning
- Post-retirement planning
- Small Self Administered Scheme (SSAS)
- Self Invested Personal Pension (SIPP)
- Stakeholder Pensions
- Auto Enrolment
Significant changes to Pension Rules have taken place and we are fully conversant with these. You may benefit by getting us to look at your existing arrangements to ensure they are suitable for you now that these changes have taken effect.
It is also important to realise that choice of investment for your pension funds is crucial to the performance and ultimately affects what you get back at retirement.
When benefits are to be taken there is a variety of choices. For example, you are no longer forced to draw a set income at retirement. This therefore provides considerable scope to plan more effectively when thinking about Inheritance Tax and Capital Gains Tax, as well as deferral of Income Tax.
😀 Very Happy
Another fantastic testimonial from a private client.
If you have several pension pots with little return and high costs give us a call and we can make your money work smarter.
Beginning, middle and end 🏅
Paul & Jacqui completed the City to Sea Torbay Holiday Helpers Network charity marathon.
An amazing day literally full of ups and downs 🏃⛰️🌅 but we got there in the end.
Thank you to all the marshals, event coordinators and superb makers of tea and cake. We appreciate all your kindness.
#torbayfinancialservices
#thhncitytosea
#citytosea
#torbayholidayhelpersnetwork
#charity
#keepingitlocal
Tomorrow (Saturday) Jacqui and Paul will be walking and hiking a Marathon from Exeter Quay to Babbacombe Downs, Torquay.
All in aid of supporting the local charity THHN - Torbay Holiday Helpers Network.
THHN sends families who have children with serious illnesses, bereaved families who have children and families with children who have a terminally ill parent from all across the UK on free holidays, not just to Torbay but to destinations across the country and abroad. The charity has grown at such a rapid speed thanks to the generosity of the local business community, businesses further afield and an army of big hearted volunteers.
www.thhn.co.uk/city-to-sea-53-campaign
THHN City to Sea - Torbay Holiday Helpers Network
thhn.co.uk
× More options for you… Help us more by raising funds during this event This year we have more options for you in helping us. Fundraising is so important to us and over the years many runners have entered and also fundraised for us. Continue to Registration Become a Fundraiser THHN City to Sea Sa...
Thank you for your kind messages. It looks like good weather for tomorrow so fingers crossed we make Babbacombe before dark 😂
Good luck guys x
Amazing 👏👏👏
WANT TO TAKE MONEY FROM YOUR PENSION SOON?
PART 4
So, what are my options when I am taking my money?
There are several to choose from, but you need to consider your goals and how long you might need your savings to last.
The main options usually available to you are:
Take a guaranteed income for life – also called an annuity
Take a flexible income or lump sums, as and when you need to – often called ‘drawdown’. If you choose this option, you will need to decide how to invest the money that you are leaving in your pension.
Take it all in one go – you choose to take all your money at once. You should carefully consider how much income tax you may pay if choosing this option.
Or mix your options.
An adviser can assist you with all these options making any plans clearer so you know you are making the right decisions.
torbayfinancialservices.co.uk/
Torbay Financial Services, Pensions, Auto Enrolment, Devon
torbayfinancialservices.co.uk
WANT TO TAKE MONEY FROM YOUR PENSION SOON?
PART 3
Can I take money from my pension if I’m still working?
With some pension plans you can access your money as and when you need it to ease yourself into retirement. This can include using it to top up your salary while you are still working.
If you are planning to take money and keep saving into your pension tax efficiently, there are extra things to think about.
Find out more from Paul the Adviser.
Pensions are also about meeting your long-term needs, so if your current pension isn’t offering what you want for your retirement goals, you might want to consider moving your pension savings to another pension plan or provider.
If you would be giving up any valuable guarantees or benefits on your current plan, for example a Guaranteed Annuity Rate, this may not be the right thing to do.
So take advice before you take any action.
☎️ Paul 07891 614559
💻 paul@torbayfinancialservices.co.uk
Guide to Retirement Brochure
Download our Guide to Retirement brochure
(Adobe PDF)
Guide to Our Services Brochure
Download our Guide to Our Services brochure
(Adobe PDF)
