Dec 2009 - Feb 2010 for immediate cover call 0800 977 5633 Retirement planning and you Retirement planning is not just about putting money into pensions. It’s about deciding what you want to do when you stop work, thinking about the lifestyle you deserve, working out the cost of that lifestyle and putting plans together to put you on the road to achieving your aims, not forgetting to take account of any pitfalls that may lie ahead. Basic state pension For a single person the basic state pension is currently £4716.60 per annum or £90.70 per week. However, not all will be entitled to this. As part of your retirement planning our specialist FSA regulated advisors can obtain projections on your state pension entitlement.State Second Pension Many, such as the self employed, will build up no rights at all to a state second pension. For others the questions are what will it be worth? Should I stay in the state scheme or opt out? If I am already opted out should I go back in? Again, projections can be obtained on your entitlement enabling you to have all the facts. Transferring your Pensions Whilst many of you will have several different pensions with a variety of companies, it is hard to keep track of what’s going on with them. Having an actively managed pension could be the best thing you can do. Information can be collated from your existing pension companies and can then be compared to the market providing you with the best view of the deals available. This should ultimately mean that you end up with just the one pension plan that you would be advised on all the way to retirement. Your specialist FSA regulated advisor would always try to ensure that you were invested in the best funds to enable you to receive the annual income required to have that lifestyle you so long for. If there is going to be a short fall your advisor will inform you on what you will need to do to get to your target. How many? Who with? How much? Why? These are the things you may need to ask yourself and with the recent changes in pension legislation now in force it may be a good idea to reveiw your plans now so that you don’t miss out on any potential opportunities. So call us now on 0800 97 75 633 and start making your money really work harder for you
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