ESTATE AND LIFE PLANNING
Life Planning helps you reorganise your relationship with money so that your financial resources are dedicated to supporting your life giving it greater value, meaning and purpose. It will uncover your most deeply-held life goals. We create a practical plan to make them happen, including a financial plan that fully supports your goals.
In recent years, changes to UK legislation around pensions has created more flexibility and the freedom to decide how you access your workplace pension or self-invested personal pension (SIPP). These options require careful consideration when retirement planning, as a poor decision is likely to have negative consequences on your future.
Utilising pension allowances can help you save for your retirement tax-efficiently so it’s critical that you have a good understanding of the tax rates. You may well decide to invest your money into a fund that is suited to your risk profile where income can be taken from the natural yield of the investment. By carefully considering your options, and using the available allowances, you’ll be on the right track for the road ahead.
PLANNING FOR LIFE
There are a plethora of options at hand; buying an annuity, extracting tax-free cash, leaving your pension fund invested while drawing an income, or a combination of these. It is crucial to get advice from an adviser you trust who can recommend how to meet your retirement planning requirements, while managing risks to your capital.