Pensions
The accumulation phase
This is the part of retirement planning when you're building up your retirement kitty. It's best to start early!
You may not know if your contributions are too much or too little, and you may not have any real idea of what pension you might end up with. I can help you with all of it.
It starts with me trying to understand your own vision of retirement and therefore how much money will you need for your chosen lifestyle. Once I know this, I can calculate how we can get you there.
The Decumulation Phase
This is the part of retirement planning when all of our good work comes to fruition and we decide how to take your pensions. The decisions you make now, can affect the rest of your life, so it's really important to get a professional opinion.
I love pensions! So I'll gladly answer any questions you have and help you plan the right retirement strategy for your needs. From annuities, term annuities, drawdown, or a combination of both, I can help sort everything out for you.
It's best if you come to me a few years before you plan on retiring (or semi retiring), so that we can get you positioned correctly.
Pensions for Directors
- Do you know that pension contributions are treated as a business expense and can be used to offset tax?
- Do you know that you can use a pension fund to buy your business premises? The rent you pay goes straight into your own pension pot.
- Do you know the annual pension contribution limits, and that you can use this year's profits to make up previous year's contribution shortfalls?
If you want to find out more, get in touch. We’ll work alongside your accountant to not only help build your pension fund, but to also minimize corporation tax.
