Whether you have Personal Pensions, SIPPS, Stakeholder or Occupational Schemes, it is important that you review them, as regulations can change, tax laws may be amended, or your personal circumstances may change. Chartered Financial Solutions Ltd are pensions specialists who can advise you on all types of pension funds.
At Chartered Financial Solutions we are able to review any of your pension policies, providing you with a report and advice on your total pension provision,along with projections of what you should expect at retirement.
A combination of improved health care, longer life expectancy and for many people a younger retirement age, means that the golden years of retirement can extend well beyond 20 healthy years.
A review of your pension provision may show that this is not the case.
Past performance is not a guide to future performance, the value of investments can fall as well as rise and is not guaranteed - this means that you could get back less than you invest.
- if you are age 20 and put off your pension plans by 10 years, you'll lose half of your
eventual retirement cash. The sooner you start, the better off you'll be.
- The largest source of income for pensioners is 'benefit income', which includes state
pension income and benefits. Among single pensioners, single women are the most
dependent on state pension income and benefits. (source The National Statistics office)
- In a 2006 survey by the National Statistics Office, 47% of the people
questioned had no idea what their retirement income will be.
In many cases, people passively accept whatever pension is available, being forced to cut back when they retire as they adjust to the lower income level, which they have not always anticipated.
A more positive approach can however be taken, by working out the level of income you think you will need when you retire and make this your target for the future.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
This website is intended for investors over 18 years of age who are resident in the UK only. The website and the information contained therein should not be regarded as an offer or solicitation to conduct investment business in any jurisdiction other than the UK. These pages provide generic information about various aspects of financial services advice that we provide as well as possible areas of clients’ financial planning needs. We hope they are helpful to you but they do not, on their own, add up to proper investment advice and we cannot take responsibility for anything you do in reliance on them without further discussion with us. Please do not make a decision based upon the information contained within these pages alone. They are not detailed or comprehensive enough to enable you to make an informed decision which is tailored to your circumstances and needs. Please contact us now for tailored advice.