Do you know what your pension savings are worth and what they will provide in retirement?

If you don’t know the answers to these questions then you urgently need a pension review, which we can undertake for you at no charge in a non-obligatory meeting. We can help you find out:

  • How your pension investment is performing
  • What pension payments you can expect in retirement
  • If your investments are still suitable for you
  • How much your pension is costing you and advise if there is a cheaper alternative

The need for pension reviews

The majority of our clients and potential clients we see have pensions. However many prospective clients have not reviewed their pension investments lately. This means they often don’t know how the monies are invested and what pension amounts (income and tax-free amounts) they may get in retirement. With a pension pot worth £100,000 an investment producing 2% per year over ten years would be worth just under: £122,000 if it achieves 2% net per annum £163,000 if it achieves 5% net per annum

The need to understand the pension rules

Understanding the pension rules means you may:

  • Potentially save 20% tax on your pension withdrawal*
  • Plan to take an income level that more closely meets your needs
  • Convert small pension accounts into readily available cash

Pension rules change constantly and without sound financial advice you can be financially worse off. For instance if you have a UK pension and you reside in the UK then you will be taxed at 20%* in the Isle of Man on your “tax-free” Pension Commencement Lump Sum. Transferring your pension to an Isle of Man Self Invested Personal Pension (SIPP) can remove this tax liability.

Act now to secure your financial future – contact us today In reviewing your pension plans we can help you to get the best performance out of your chosen strategy, advise on Drawdown versus annuity and if needed set up the required product for you. For more specialist work we can advise on:

  • Employer Pensions
  • Executive pension Plans