Pension & Retirement Advice
in Leamington Spa & Warwickshire
Your retirement years can be the most fulfilling of your life, but effective planning is vital. We offer bespoke financial planning and pension advice to help you achieve your retirement goals.
Your pension is the cornerstone of a successful retirement but choosing the right products can be complicated. Our pension advice will guide you through it and help you decide whether to consolidate or transfer pensions, or adapt your investment strategy so your goals stay on track.
Pensions are great for optimising your tax planning. Not only do you receive tax relief when contributing to a pension, but your money can grow tax free and is exempt from inheritance tax. We can advise on the most tax-efficient way to achieve your retirement and legacy goals.
Having a detailed retirement plan
With life expectancy increasing year-on-year and people demanding ever higher standards of living, it’s never been more important to properly plan for life after work.
A detailed retirement plan will not only give you a goal to work towards, but help you get there too by recommending the most suitable pensions and investments for your circumstances.
Your plan should include the amount of money you want to retire with each year and the age you want to stop working. With these two key factors, you can begin to calculate from your current position how much you’ll need to invest each month to make your goal a reality.
With your plan in place, we can review all your current investments to ensure they are in line with your goal and helping you get there at the right pace. If it looks like you’ll fall short, we can recommend actions such as consolidation, top ups or regular contributions to make up the difference.
Similarly, if you have concerns about reaching tax allowances such as your Annual Pension Allowance, we can help make sure you aren’t paying more tax than you need to.
Each stage of your retirement planning journey will provide opportunities and challenges. However, the need for advice and financial planning will remain imperative for building retirement wealth, drawing it and passing it on to the next generation.
We can help you to understand your own situation and your retirement goals, and we will support you each step of the way.
How can Intelligent Financial Advisory help you plan for retirement?
Our financial advisers can support you on all areas of pension and retirement planning, such as;
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Recommending retirement savings strategies based on your objectives
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Use the latest financial tools, such as cashflow modelling to analyse and forecast your financial future
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Selecting pension products appropriate to your objectives
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Developing a sustainable retirement income and drawdown plan
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Consolidating or transferring your pensions
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Managing the performance of your investments and conducting regular reviews
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Adapting and restructuring your plans when necessary
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Making your pension and legacy planning as tax efficient as possible.
Types of pension schemes
When it comes to pension schemes, there are many different styles available in the UK, all with slightly different rules on eligibility, funding limits, investment options, borrowing capability and benefit withdrawals.
So how do you know which one is right for you?
Whether you’re an employer or an individual, our pension scheme advice will find the right plan for your needs.
We can advise you on the following range of schemes:
For individuals
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Self-Invested Personal Pensions (SIPP): a personal pension allowing you to invest in a wide range of assets, such as property, stocks, shares and trusts.
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Individual Personal Pensions: a personal scheme for those employed, self-employed or not working. Others (e.g., spouse, partner or parent) can contribute.
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Individual Stakeholder Pensions: similar to personal pensions but may have lower and more flexible minimum contributions and annual charges.
For businesses
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Auto Enrolment: A Government initiative for pension schemes at work – it’s compulsory for employers to automatically enrol their eligible workers.
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Small Self-Administered Schemes (SSAS): providing retirement benefits for a small number of company directors and/or senior staff.
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Group Personal Pensions: a defined contribution pension from employers; members build up a personal pension pot which converts into income at retirement.
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Group Stakeholder Pensions: A collection of stakeholder pension schemes for employers, which work in a similar way to personal pensions.
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Occupational Money Purchase Pensions: providing benefits on retirement based on the amount of money invested.
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Occupational Final Salary Pensions: providing a guaranteed annual income for life, based on your final or average salary.
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Executive Pension Plans: tax-efficient plans for key company employees, used at retirement for tax-free cash.
Looking for independent financial advice in Leamington Spa & Warwickshire?
Jack Bewick is part of an experienced team of financial advisers providing holistic and tailored financial planning solutions for businesses, individuals and families throughout the UK, and specifically across the Warwickshire and Midlands areas including Warwick, Leamington Spa, Kenilworth, Stratford-upon-Avon, Coventry & Warwickshire, Lutterworth & Leicestershire areas.
Offering expert independent financial advice on:
Pensions & Retirement
Savings & Investments
Inheritance Tax and Estate Planning
Cashflow Modelling
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE TAXATION ADVICE.
Pensions are a long-term investment. You may get back less than you put in. Pensions can be and are subject to tax and regulatory change; therefore, the tax treatment of pension benefits can and may change in the future.
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