Pensions
A Pension provides an income in retirement.
Contributions to pension policies attract tax-relief at your highest marginal rate.
The pension, when it becomes payable, is taxed as earned income although part of the pension fund(normally up to 25% of the fund) can be taken as a tax-free cash sum at retirement.
Under current legislation pension benefits can be taken from the age of 50 but legislation is due to change in 2010 when early retirement will not normally be possible before the age of 55.
Much has been written about the "pension- timebomb" and the lack of planning by most people to provide an adequate income in retirement.
Do you know how much of a pension you will you get when you retire? - Many people are surprised to discover how low their expected pension is.
Do you know what your options are, in retirement?
If you are a number of years from retirement, we can help you plan for your retirement; it is never too early, please give us a call.
If you are fast approaching retirement, we can help you plan your retirement, please give us a call.
If you are already in retirement, we can help you get the best out of your retirement, please give us a call.
