Pension Advice

Pension services that you can rely on

As you come to retirement age, everyone’s ideal situation is to have a private pension fund. On top of the government paid pension pot this enables you to enjoy your later years without financial worry. Getting to this goal can seem a while away but is something you should prepare for. Our  professional pension services from our independent financial advisor is key to achieving this. 

Pensions are complex products that require in depth knowledge. With over 30 years experience in this industry we are well placed to advise. We are also whole of market when it comes to our pension services meaning we are not tied to a single or group of pension providers. We would start with an initial meeting to assess your goals with regards to your pension pot. This initial meeting is free of charge. When it comes to your retirement, having an advisor with such vast experience is key. Our adviser has many clients under his belt and a proven track record of successful pension plans.

When is the right time to set up my pension plan?

This can vary from person to person dramatically. It also depends what you want to do in retirement. But taking out pension services should be in everyone’s mind. According to finder as much as 35% of the adult population don’t have a private pension. Do you want to have money spare to live without worry? Our pension services would be best for you. The current state pension isn’t offering enough for the elderly to really enjoy their retirement. Whatever you choose to do in retirement is up to you. Without the money to do so and the fact you won’t be working to earn, you need a plan in place. This is where the private pension plan comes in.

With regards to setting this up, everyone’s timescale can be different. Most don’t start thinking about pension plans until they hit their 30s/40s. Some of you will also have pension plans set up through your employment, we would take these into account. With the tax benefits to be had, the best time to start your pension plan for retirement is today. Getting this in place so you are ready for retirement is key. We can help you with impartial advice to work towards achieving your target goal for your pension pot today.

What do your pension services include?

The pension marketplace can be very complex to tackle on your own. Our independent advice aims to make it more simple for you to understand and benefit from. There are various ways and plans you can go about building your pension pot, how do you know which one is best for your situation? Without experience in these matters, this can be hard to judge. When you are dealing with something as important your retirement, it’s key to get the right advice.

One of the other fantastic benefits of getting a personal pension set up is the tax relief. If you are a business owner and director you can make tax deductible contributions to your pension fund. See statistics here from the government on these. It’s also astounding how many people fly blind. As you can see from the following Guardian article, a lot of people are going without advice. Doing this can really put your pension fund at risk. 

What about my state pension? I hear you say. Let’s go into the benefits of both below.

Government state pension vs private pension services

Can you see yourself surviving on £129.20 a week?

No, me neither.

That is the current maximum you can get as a state pension at the current time of writing, according to the government. In the current climate this isn’t a massive sum of money to spend. If you aren’t working and have gone from a salary of tens of thousands a year to this, it’ll be quite a culture shock. 

When you look at this in comparison to a private pension fund, it’s a no brainer. Our private pension services offer a lot more flexibility, has a higher total threshold for it’s size and allows you to take a tax free lump sum at the age of 55. You can also get tax relief on your private pension. The ins and outs of the process are best explained along with our advice. There are many ways to arrange the pension fund and this will need to be tailored to your situation. Our independent financial adviser with over 30 years experience in the financial industry can help get you the right pension plan that is tailored to your needs. See below on how we go about our independent financial advice.

Our independent advice process

We start our process with an informal meeting or phone call. This gives us the information we need to know if you are in a situation where we can help you with your pension services. 

Once we’ve had the first meeting and can work with you and assist in your pension services, we set to work on our research. We have access to the whole of market of pension providers and will pick a plan tailored to yourself. We assess your attitude to risk, pension size and goal to best advise on which plan suits you best. The key stage is when we present the plan to yourself. We go over it with your explaining the ins and outs and making sure you understand the plan. If you decide to sign up with us we can the execute the advice for you on your behalf. 

Leading on from that, our advice fees are unique to each pension case we do and will be discussed with you during the initial meeting.

What we can do for you

Whether it be advice on investing into your pension pot. Mixing your pension options or leaving some of your pension in your will, our pension services can assist. Let us get you the advice you need. Please do be aware we don’t only advise on pensions. We deliver the full remit of financial advice from mortgages and insurance through to investments.

An informal discussion is the best way to start this process. Get in touch with us today today discuss your needs. 

Regulatory Statements

Investments

All investments involve a degree of risk of some kind. This section describes some of the risks which could be relevant to the services we provide you. We may provide further risk information during the course of our services to you, as appropriate.

Our services relate to certain investments whose prices are dependent on fluctuations in the financial markets outside our control. Investments and the income from them may go down as well as up and you may get back less than the amount you invested. Past performance is not a guide to future performance.

True Advice Financial Services is a trading style of TA and SE Hollom Ltd. Which is an Appointed Representative of New Leaf Distribution Ltd. Which is authorised and regulated by the Financial Conduct Authority : Number 460421.

Registered Office : 1st Floor Princess Caroline House, 1 High Street, Southend on Sea, Essex, SS1 1JE.