Retirement options

Retirement is going to be the longest holiday of your life. You will have twice the amount of time to spend what income you will have. Planning for retirement is probably the most important thing you will ever do, but is probably the most neglected investment you will make.

Many think that the government will take care of everything in retirment. That would be a massive mistake,  the problem is people are living longer and more are reciving state pensions but there are less people paying the national insurance and taxes needed to pay for them.

The second problem is that the  state pension has been reducing in  actual value and is worth less and less compared with the rising wealth of the average person , not only that, the age you will be retiring at is getting older and older.

WHAT ARE YOUR OPTIONS

There are options for building up benefits to use at retirement which are some of the most tax beneficial ways of saving and when you get their, there are even more options when you want to convert it into income.

Many have old style with profits pension that haven’t been reviewed for many years that could be costing their eventual pension pot thousands of £s and may be more cost effective, providing greater returns in a modern fund.

Pension regulation has been changing over the years which in some cases has provided geater flexibility and access to funds, espesialy in the case of divorce. Spouses are now entitled to a proportion of their partners pension pot in the divorce settlement.

Getting expert professional advice whether it is at the accumulation stage or nearer retirement in the acquisition stage where there are numerous options to be considered let alone which products and providers to chose.

This is why we have decide to concentrate on pensions and retirement by attaining the level of Chartered financial planner before the end of 2013. so If your close to retirement,  just starting, getting divorced or wandering what your old or frozen pensions doing, Radical Finance can find the best soultion for your needs.

Henry will be more than Happy to discuss your requirements with no obilgation, Please call us on 01384 566 588 or e-mail us at info@radicalfs.co.uk

Tax treatment is based on individual circumstances and may be subject to change in the future

The value of investments and income from them may go down. You may not get back the original amount invested

 

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