Retirement Planning

As independent financial advisors we help our clients plan for their future financial security and independence. Retirement planning has become a lot more important in recent years and warrants careful discussion.

Financial planning for retirement is best begun sooner rather than later. Contributing to a company or private pension is still one of the most efficient ways to save for your future and the sooner you start the better. Whether you are just starting your working life or a long way down it, having access to financial advice will make a big difference to your future financial security.

If you are a company looking to set-up a pension scheme for your employees, we have a wealth of experience helping small to medium sized firms implement their company pension schemes. Company pension schemes are sought-after staff benefits valued by employees often resulting in better staff retention.

We are qualified pension advisors and can explain the terms and fees for the many different pension schemes. This will include guiding you on their suitability and what the alternatives are so that your retirement planning gets off to the best start.

Currently with personal pensions, you are able to access your benefits from age 55. We offer advice on flexi-access drawdown contracts as well as looking at alternative options, such as annuities or taking your pension as a lump sum.

We do not offer advice on Defined Benefit (Final Salary) schemes.

Annuities

Once you reach a pensionable age you will need to plan the best way to maximise your pension income. Traditionally, this will have meant buying an income with one or other provider, which is called an Open Market Option. The values of these income purchases vary so it is worth shopping around. This is best done with the help and knowledge of a qualified financial adviser like Sturdy Edwards, to help you understand the many different options you will be offered. That way you can be sure you have the best purchase price to maximise your pension value and income for your retirement.

Please contact us for advice about planning for your retirement.