For people in Yorkshire, Derbyshire, Lincolnshire and Nottinghamshire.

Retirement Planning

Pre Retirement Planning

Pre Retirement Planning

 

It was Benjamin Franklin that once said

 

“Failing to plan is planning to fail”

 

This is particularly true for retirement planning as failing to plan could potentially lead to financial hardship in retirement. Therefore the earlier you plan your retirement strategy the more likely you are to achieve your goals. This is true whether you are 20 or 55 years old so the time to start is right now!

 

Most people will not receive their State Pension until age 67 and this would unlikely provide sufficient income to meet their needs. The current maximum State Pension for 2018 – 2019 is just £164.35 per week.

 

Even if you benefit from an employer’s company pension scheme or a workplace pension, you may still find that this is not adequate to allow you to retire at the age you want or with the income that you need.

 

Therefore it is important to review you current pension provisions to ensure they meet the following objectives:-

 

> To provide sufficient income in retirement, at an age you wish to retire

> Invest with-in your attitude to risk

> You are Investing in good performing funds

> Offer competitive charging structure

 

We at Futures Assured Limited are specialists in pre-retirement planning and are able to offer our clients a full retirement analysis. This means establishing your desired retirement age, the income that would be needed to meet with your desired standard of living, reviewing all existing arrangements to ensure they are aiding your retirement planning and any further pension planning required to achieve these goals.

 

Should you wish to take advantage of our service then please click contact us or alternatively ring us on 0114 2421818.

 

Our initial consultation with you is FREE as we meet that cost (although a cup of tea would be nice!).

 



Post Retirement Planning

For many, retirement is quite daunting, particularly from a financial perspective. There is often more questions than answers, such as:-

 

> When do I get and how much is the State Pension?

 

> I have an old company pension but how do I find out about it?

 

> Does my existing pension company need to provide my retirement income?

 

> What are the tax implications?

 

> How much tax free cash can I take?

 

> What is Flexi-access drawdown and is it right for me?

 

> What would my spouse receive should I die?

 

And if this is not enough, what about the endless reams of paperwork that needs completing, which is enough for even for the ardent form-filler to go weak at the knees.

 

Making the wrong decisions can be very costly and could leave you stuck with them for life. With Post Retirement Planning it is vital than you seek professional advice so that you can get any questions answered and have a clear picture of the options available to you so that you can make the necessary informed decisions.

 

We at Futures Assured Limited are specialist in advising on post-retirement planning. We are able to offer our clients a full post retirement analysis. This would include establishing your goals and objectives in retirement, your income requirements, reviewing all your pension provisions, explaining all the options available to you, answering all your questions and most importantly advising you on the best way to achieve these goals.

 

Should you wish to take advantage of our service then please click contact us or alternatively ring us on 0114 2421818.

 

Our initial consultation with you is FREE as we meet that cost (although a cup of tea would be nice!).

 

 

Occupation Pension Transfer Specialist

Of all the areas of pension advice, the most complex, is without doubt Occupational Pension Transfers. This is why for a financial adviser to be able to advise in this area they have to have specialist qualifications and permissions issued by the Financial Conduct Authority (FCA).

 

Transferring from a defined benefits pension scheme can often be very tempting due to the high transfer values offered by the scheme (known as the Cash Equivalent Transfer Value), however the implications of transfer are often far and wide reaching and this is why the FCA insists that anyone wanting to consider transferring must seek professional independent financial advice.

 

We at Futures Assured have designed a “Triage Service” booklet which provides an unbiased guide to the advantages and disadvantages of both defined benefit pension scheme and the alternative, flexi-access drawdown plan. It also explains the risks and dangers of transferring from a DB Scheme into a Flexi-access Drawdown Pension Scheme. This will allow anybody considering transferring a defined benefit occupational scheme to decide whether they wish to proceed to advice process and the associated cost relating to getting that advice.

 

Should you wish to take advantage of our service then please click contact us or alternatively ring us on 0114 2421818.

 

Our initial consultation with you is FREE as we meet that cost (although a cup of tea would be nice!).

 

 

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