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 Financial Conduct Authority 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.
Do you have a Cash ISA or Premium Bond?
We specialise in cautious investments for our clients.
Click on our advert for more information ▶️
If you have a Cash ISA or Premium Bond and would like some guidance on your return and were thinking of placing this in a Cautious Investment then please give us a call.
Our initial informal chat is free 👍
☎️Paul ~ 07891 614559
🌐 torbayfinancialservices.co.uk/investments/
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Between the Lines - week 2 2021
In this week's edition:
An electric year for Tesla
Elon Musk becomes richest man in history (so far)
Twitter takes a hit after finally silencing Donald Trump
Between the lines week 2 - January 2021 | Quilter Investors
quilterinvestors.com
This week’s edition includes: Tesla’s meteoric entry to the S&P 500 and Twitter’s share price tumble.Thursday Thoughts 💭
We are always pleased and honoured to receive testimonials from our clients 😀
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Put a spring in your step – make the most of tax relief
Saving into a pension is one of the most tax-efficient ways you can save. But it’s something many of us don’t know much about.
Standard Life carried out research last year and 40% of people said "they weren’t aware of it,” says David Downie, pension tax expert at Standard Life.
It means that every £100 contribution into your pension pot costs you just £80 if you’re a basic-rate taxpayer paying 20% tax.
For a free informal chat and more information about this please give Paul our adviser a call.
🌐https://torbayfinancialservices.co.uk/retirement/
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TAKING A QUARTER OF YOUR PENSION SAVINGS TAX FREE
A lot of people know that they can access some of their pension money without paying tax but perhaps aren’t sure how it works.
When you access your pension savings, you can normally take a quarter – 25% – tax free. If you have a modern, flexible pension plan, when you take this is up to you. You can take it all at once. But you don’t have to.
You can take it in slices over a number of years if the pension plan you have lets you. This is known as phasing, and could be a smart move as it tends to be more tax efficient overall.
And, of course, just because you can, doesn’t mean you should take all – or any of it. The longer your money stays untouched inside your pension plan, the more potential it has to grow in a tax-efficient way and the higher your tax-free amount could be. Of course, that’s not guaranteed and because money in your pension is invested, its value can go down as well as up and could be worth less than what’s been paid in.
For advice on how, and if, it's suitable to access your pension savings please give us a call.
Paul (adviser) ☎️ 07891 614559
💻 paul@torbayfinancialservices.co.uk
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Guide to Retirement Brochure
Download our Guide to Retirement brochure
(Adobe PDF)
Guide to Our Services Brochure
Download our Guide to Our Services brochure
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