The state pension entitlement is reviewed regularly.  The amount you will get, and age you will start to receive this, depends on a number of factors. We can help you to understand your entitlement and build this into your retirement plans.

A personal pension allows you to save money for your retirement, either as regular payments or lump sum payments. You’ll receive tax relief on top of the contributions that you make, giving your pension an extra boost.

There are lots of personal pension products and providers in the market and lots of investment options to choose from, especially if you choose to save into a Self-invested personal pension (SIPP) or a small self-administered pension scheme (SSAS). We research the market to help you choose the best options for you.

How much money you’ll get back when you retire will depend on how much you’ve saved and how well your investments have performed. When you retire you will have the choice to take some of your pension as a tax free lump sum. With the rest of your pension, we can advise how you draw your income as tax efficiently as possible. For example, you can choose to buy an annuity or access an income drawdown. We will discuss all of these options with you so that you are better informed on how to draw your income in retirement.

Group pensions are similar to personal pensions but are offered by employers to their workforce. Group pensions are made up of a collection of individual plans, which are set up for each employee, the overall scheme is run and managed by the employer.

Employees are automatically enrolled and each time an employee contributes money to the pension, the employer will too, making it easy for employees to save for retirement.

If you are an employer, we can help you to look at the best way of setting up a group pension scheme that suits you and your employees too.

If you are an employee, we can take your plan into account when looking at your retirement planning to ascertain if your current pension will provide you with the income you desire in retirement.

When you come to retire, you might choose to use the money that you have saved up in your pensions to buy an annuity. There are different types of annuities available. Annuities can provide certainty of income, giving you confidence that you have enough income to live on throughout your lifetime.

How much income you can get from buying an annuity will vary, we will research the market and find the best options available to you, as well as discuss whether an annuity is right for you and your circumstances.

Your retirement plans may also include other sources of income, such as investment income or property income. As we plan holistically for you, we will take all of your finances into consideration. You might have money saved in bonds, ISA’s or shares that you want to use to support your retirement income, whatever your situation, we can help you to plan for your retirement in the most tax efficient way.