Retirement planning – confidence through careful pension management
Early pension planning is the key to being able to thrive through a financially stable retirement. And it doesn’t have to be complicated with our team on hand.
It’s likely your state pension will 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. Without making plans it can be easy to be caught out by the shortfall between expectations and reality when it comes to what you expect to receive and what you actually do. But, a well-prepared pension plan will give you financial security so you’re able to maintain the lifestyle you deserve and have become accustomed to prior to your retirement.
At IPFM, we help you understand your pension options and build a retirement plan that gives you confidence about your future, whatever stage of life you’re currently at.
IPFM’s pension planning service
Pensions are an effective, tax efficient way to save for your retirement. Under the current rules, tax relief at your marginal rate is given on personal contributions invested, and your pension fund then grows free from capital gains tax. In addition, pensions sit outside of your estate for inheritance tax purposes, therefore they can pass through to your beneficiaries free of inheritance tax.
There are clear tax benefits to saving into your pension but there are so many choices to be made. For example, stakeholder versus personal pension, unit linked versus with profit, pension or investment plan?
At IPFM, our qualified pension 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.
Our team of experts can provide advice on a variety of pensions including:
Personal Pensions, Stakeholder Pensions and Defined Contribution Schemes, SIPP, SASS, Auto Enrolment, Workplace Pensions and Corporate Pensions Schemes.
As part of our ongoing service we review your pension regularly to help ensure you are on track to achieve your retirement goals as circumstances change and legislation updates.
Some of the ways we can help you in your personal pension planning:
- By reviewing and consolidating existing pensions through a pension arrangement review and audit
- By arranging for pension consolidation and transfers
- By reviewing pension funds and their performance
- By advising on and arranging SIPPs (Self Invested Personal Pension)
- By helping you maximise tax efficiency
- By planning out your retirement income, whether that’s via annuity, term annuity, UFPLS or flexible drawdown
- Advising on drawdown and annuity options – phased retirement versus income drawdown as well as investment annuities versus conventional annuities
- Advising on later-life planning as well as on life changes and what they might mean for your pension, eg. divorce, bereavement & career breaks.
Whether your retirement is years away or fast approaching, we’ll help you make informed, sensible decisions that fit with your lifestyle. We understand that no two retirements look the same, that’s why at IPFM we design your pension plan around:
- Your goals and lifestyle
- Your attitude to risk
- Your time horizon
- Your wider financial position
Planning for retirement can feel daunting, our team works to remove the stress and give you clarity, not complexity.
Corporate Pension Services
At IPFM, we can help you navigate through the minefield of options in existence, and create a pension scheme that suits both your organisation and your employees, whether you have 1 or 1000 employees. You tell us what matters to you and we’ll create an effective, tailored corporate pension scheme.
As independent financial advisors, we are not tied to any banks, brokers or other organisations, so we can research a wider market to find and manage the package that exactly suits your company.
IPFM’s corporate pension services include:
- Company Pension Schemes
- Auto Enrolment
- Employee Income Replacement Cover
- Employee Life Insurance Cover
- Employee Critical Illness Cover
- Company Healthcare Schemes
- Key Person Insurance
- Company Investment Portfolios