The introduction of flexible pensions in April 2015 have made pensions much more attractive. Not only is tax relief being given on the contributions invested all of the funds will be available to you and your beneficiaries on your death.
A well-prepared pension plan can help provide financial security and maintain the lifestyle you have become accustomed to during your retirement. Planning for your retirement starts long before you reach pensionable age with your income in retirement coming from a number of sources.
Your state pension is likely to be a small part of your retirement income, with the greater part derived from contributions made by you and your employer during your working life.
Often people who do not plan for their retirement are caught out by the shortfall between what they expected to receive and what they actually receive.
At IPFM, our advisers are experienced in reviewing pension schemes and advising on pension plans for clients of all ages and incomes. We assess your current position, income, affordability, contributions, risk tolerance and capacity and your desired retirement income to create a bespoke plan specifically for you.
IPFM's pension services include:
Existing Pension Arrangement Review and Audit
Pension Funds and Performance
Pension Consoidation and Transfers
Retirement and Phased Retirement Planning
Pension Income via Annuity, Term Annuity, UFPLS, Flexible Drawdown
IPFM can provide advice on a variety of pensions including:
Personal Pensions Stakeholder Pensions, Defined Benefit and Defined Contribution Schemes, SIPP, SASS, Auto Enrolment, Workplace Pensions and Corporate Pensions Schemes.
A PENSION IS A LONG TERM INVESTMENT, THE FUND VALUE MAY FLUCTUATE AND CAN GO DOWN. YOUR EVENTUAL INCOME MAY DEPEND UPON THE SIZE OF THE FUND AT RETIREMENT, FUTURE INTEREST RATES AND TAX LEGISLATION.