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.
Help take control of your future - The benefits of Power of Attorney
A serious accident or an illness that requires a lengthy stay in hospital, even intensive care, can have long lasting physical and financial effects, including an emotional impact on you and your family.
#torbayfinancialservices
#lpa
#futureproofing
#keepingitlocal
#financialadvice
HELP TAKE CONTROL OF YOUR FUTURE –
THE BENEFITS OF POWER OF ATTORNEY
A serious accident or an illness that requires a lengthy stay in hospital, even in intensive care, can have long lasting physical and financial effects, including an emotional impact on you and your family.
In situations where you are at their most vulnerable it is important to understand what can be done in advance of these situations because you may not have the capacity to deal with your personal affairs. In more serious cases you may not be able to make decisions regarding medical treatment yourself.
It is helpful to be aware of the benefits of a Lasting Power of Attorney (LPA), which allows individuals to manage their approach to handing control to friends, family or a professional attorney. The LPA allows an individual to appoint an attorney to make certain decisions on their behalf in specific circumstances and gives them the option to specify when they wish to grant that control.
There are two different types of LPA: property and affairs, and personal welfare.
We will be here to answer those burning questions 🔥
So introducing Question of the Week.
HOW MUCH PER ANNUM DO RETIRED PEOPLE NEED?
According to Which?Money research (2018) by Paul Davies the average annual spend for a retired couple is ......................
£26,000
That is for a couple enjoying a 'comfortable' retirement. This covers all the basic areas of expenditure and some luxuries, such as European holidays, hobbies and eating out. Aiming for this level of income will provide a good platform for your retirement.
DO YOU KNOW A MILLENNIAL?
Then get the conversation going, talk to them about their future 🔮, what they feel? In years to come they will be thankful.
Paul our adviser will be more than happy to offer a free initial meeting to answer today's questions for all their tomorrow's
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#babbacombestyle
#millennial
#startyourfuture
DO YOU KNOW A MILLENNIAL? BORN BETWEEN 1980 AND THE TURN OF THE MILLENNIUM? Then get the conversation going, talk to them about their future, what they feel? in years to come they will be thankful.
Paul our adviser will be more than happy to offer a free initial meeting to answer today's questions for all their tomorrows.
Millennials face considerably greater challenges than their parents when it comes to providing for their retirement. But this group, which comprises those born between 1980 and the turn of the millennium, are not being told about the
scale of the savings mountain they must climb.
About the Research
The Generation Lost research was delivered
in three stages.
– A 30-question survey was published
online and open for responses between
July – September 2015. Over 1200
Millennials responded from the UK,
USA, Japan, Australia, Brazil and the
Netherlands.
– Interviews were carried out with a
number of Millennials from each of the
6 countries via telephone or video call.
Their reflections on the survey findings
are included in this report.
– A number of finance professionals and
academics from around the world were
invited to reflect on the survey results
and to consider their views on the future
direction of the insurance industry.
www.bnymellon.com/_global-assets/pdf/our-thinking/generation-lost.pdf
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)
