Pensions

Pensions are simple in concept, but can be complex in practice. It is vital to seek expert advice in order to ensure that correct planning is arranged.

At it's most basic a pension is a fund that you build up over your working life in order to support you in retirement.

While you can rely on the State Pension, this amounts to only £3,364.40 for a single person, or £5,376.80 for a married couple*, most people consider arranging additional pensions an essential part of their financial planning.

Pension Audit - This calculator will allow you to put in details about your past and present pensions and help you see how close you are to achieving your pension planning objectives.

As a rule the kind of pension plan you need depends on your employment position and your previous history. The details are very complex, but most people will fall into one of the following groups:-

• Self Employed
• Employee
• Company Owner

The Pensions Planning Process

In order to assess your position and advise you correctly we will need to understand your previous history and any existing pension contracts you may have.

In short we conduct an audit of your present arrangements. We assess the level of pension that your present arrangements might expect to provide at retirement, and then, if there is a gap between what you want and what you will get, advise you as to how best to invest to provide the extra retirement income you need.