RETIREMENT PLANNING
Pensions are designed to be a fully flexible, tax efficient way to save for retirement.
As state benefits shrink in real terms, it is increasingly important to plan your retirement finances.
RETIREMENT PLANNING
At Bragagnini Associates Financial Solutions Limited, our independent status means we can search the whole of the marketplace for the right solution for your individual needs.
Our handheld service will help you:
Understand pension products and find one that suits your situation.
Clarify your own retirement needs and choose an appropriate provider and product.
Decide on an affordable contribution level.
Manage, forecast and track your plan to ensure it is on taget to meet your future goals.
Collate, analyse and evaluate information on your existing policies and plans.
We take the time and care to understand your needs now and in the future.
STAKEHOLDER PENSIONS
A stakeholder pension is a simple, low-cost, tax-efficient pension that is flexible and secure.
It was introduced by the government in April 2001 to encourage people to save for their retirement. The government also restricted the charging structure to ensure that it is a low-cost scheme.
If you do not have access to an employer’s sponsored pension arrangement or are taking a career break, then this could be the pension scheme for you.
PERSONAL PENSION PLANS
A personal pension plan is an arrangement where you pay a regular monthly contribution or a lump sum to a pension provider who will invest it on your behalf. This is suitable for:
People who are self-employed.
People who are not working but can afford to pay into a pension.
Employees who do not have access to a company scheme or choose not to join it.
Employees who wish to top up the money they would get from a company pension.
A personal pension may not be suitable if:
Your employer offers a company scheme.
Your employer offers access to a stakeholder scheme with an employer contribution.
Speak to us to discuss your options.
A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
SELF-INVESTED PERSONAL PENSIONS (SIPP)
A self invested personal pension gives you the choice and control to decide when, where and how you invest the assets of your pension fund.
Some examples are:
Unit Trusts
Commercial Property
OEICS
UK Gilts
US & European Shares
Bonds
Cash & Deposit Accounts
Any contributions into a SIPP will attract tax relief at your personal rate.
This is a specialised area, so it’s important to get the right advice.
A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
PENSION DRAWDOWN
This is a personal pension plan from which you can draw an income. It can allow you to unlock the tax-free cash element of your pension plan without taking an annuity.
The remaining pension fund is still invested, so you have full flexibility while taking advantage of a tax-efficient environment.
Speak to us about your options.
A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
PENSION ANNUITIES
An annuity is a type of insurance that provides a regular income in exchange for a lump sum. Annuities provide the backbone of retirement solutions in the UK.
Everyone with a pension fund must decide by the age of 75 whether to take an annuity or to use an ASP (Alternatively Secured Pension).
With an ASP, you can continue to invest your pension savings and draw income from the fund within certain limits.
You do not have to take the annuity offered by your pension provider. Annuity rates vary between pension companies, so it’s worth speaking to us about the ‘open market option’.
Remember, we offer completely independent financial advice.
A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
Tax Treatment
The tax treatment is dependent on individual circumstances and may be subject to change in future.
Bragagnini Associates Financial Solutions Limited is an appointed representative of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
Bragagnini Associates Financial Solutions Limited registered number 07012745 is registered in England and Wales at 3rd Floor, 70 Gracechurch Street, London EC3V 0HR.
This website is aimed at UK residents only.
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