Pension Planning
Pensions and Divorce Service
We provide an easy-to-use, cost-effective and
professional service designed by our pension
specialists for both family solicitors and their
clients when they have to deal with the pension
arrangements within the total family assets.
Our service covers the whole pension sharing process
from collating and analysing information to the
provision of a report and financial advice on the
implementation of the pension credit.
Divorce, as we all know, can be a very stressful and
life changing event for clients, and at this most
difficult of times, it is comforting to know that a
professional service is at hand to guide you through
the many complex areas that exist within the
pensions world.
The service we offer is available to clients
directly, accountants, solicitors and their clients.
See our pensions and divorce section for full
details
Retirement Options — Making Best Use of Your Pension
Fund
Building up a retirement fund through life is not
easy, but once you have managed to secure a
reasonable fund, and you are considering taking your
benefits, it becomes very important that the right
choices are made.
The decision used to be just a simple choice of
purchasing an annuity, but now there are other ways
in which you can provide an income from your pension
fund, namely:
- Unsecured Pension (USP)
- Pension Fund Withdrawal
- Phased Retirement
- Alternatively Secured Pension (ASP)
- Conventional, Impaired and Investment Backed
Annuities
- Whilst these routes can provide a more flexible
approach to receiving retirement income, they may
not befor everyone. It is important that you
receive professional advice from experienced
advisers when considering these alternatives, so
speak to us today.
Personal Pension Arrangements
One of the most difficult financial challenges faced
by most people is planning for your eventual
retirement. We all ask ourselves the following
questions throughout our working life:
- Will my pension fund be enough?
- How much income will I need when I retire?
- Can I afford to invest anymore money?
- Is it really worth it?
- Will the State provide in the future?
- and so on...
The list of questions is endless, but two facts are
consistent for most people.
We all get older, and as a result our earning
capabilities become more limited, whether that be
due to health reasons or because our skills are no
longer required, and
We have usually just had enough of working 9 to 5,
five days a week
Therefore, as a result, most people one day decide
to retire and in doing so they need a minimum amount
of income just to get by.
Where that income comes from is down to what we have
managed to achieve during our working life. It is
fair to say that the State will/should assist in
some capacity (assuming successive Governments do
not remove State pensions), but is that really what
you want when reaching retirement...just enough to
get by?
By looking at what arrangements you have now, and
more importantly, what they are likely to provide,
will assist anyone in assessing whether there is a
likely shortfall at retirement age.
At Ashton Hoyle we pride ourselves on the quality
and level of service we can provide in assessing
people's pension arrangements. Whether you have a
personal/stakeholder pension or a long lost
occupational pension scheme arrangement we can find
it, review it and offer a clear picture as to where
you are on the retirement 'circle of life'.
So for a free initial consultation, please
contact
us. It could turn out to be the most important
financial review you ever have. |
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