Pension Planning
Personal Pension Basics
A personal pension is a type of savings plan that helps you build money for retirement. Pensions can sometimes be perceived as complicated and restrictive, when actually they offer some unique benefits and can provide great flexibility.
Contributing into a personal pension plan, whilst remaining invested over the long term can give you the opportunity of real growth. Achieving this growth is about diversifying where your pension is invested to spread the risk and reward of returns. I can help you understand this.
By fully utilising personal pensions during your working life you can make your retirement much more comfortable and enjoyable.
How I Help Individuals
When it comes to building enough money for retirement, you need to ensure that the amount & frequency of contributions made into your plan will provide you with enough money when it’s time to withdraw. Unfortunately, most people do not contribute enough into their pension. I help clients to understand the ideal levels of contributions needed to reach their retirement goals.
Using my experience and knowledge of the pension market, I can select a cost-effective modern pension plan and an investment strategy that matches your views on risk and reward.
I can also review any existing pension arrangements you have amassed over your working life, and assess:
- whether there would be greater benefit in consolidating these into a single plan;
- the performance of your underlying investments; and
- whether your existing investment portfolio matches your current attitude towards risk.
How can I help Ltd business owners?
As an owner of a Ltd company you have a huge opportunity to reduce the tax you pay personally and the tax paid by your business by using a personal pension. Personal pensions can help you reduce the amount of corporation tax paid by your business and allow you to extract business profits more tax efficiently.
Personal pensions are also a great way of diversifying your holdings, rather than relying on your business to provide you with all of your current and future wealth. This could be dangerous if something happens to your business and you are counting on this to provide your retirement.
I can help business owners establish the right pension plan but also unlock all the related tax benefits, now and in the future.
Let's Talk Pensions
To discuss either setting up a new pension, reviewing existing pensions, or utilising all the tax advantages available from pensions, please contact me via
Mobile: 07976507785
Email: ben@harroldfs.co.uk