Are you ‘mid or late career’ or planning to retire within ten years? If the answer’s ‘yes’, then you probably want to know the answers to these questions: Will I be able to retire when I want to? Will I run out of money? How can I guarantee the kind of retirement I want?
Saving into a pension is one of the most tax-efficient ways to save for your retirement. Not only do pensions enable you to grow your retirement savings largely free of tax, but they also provide tax relief on the contributions you make.
If you’ve been diligently saving into a pension throughout your working life, you should be entitled to feel confident about your retirement. But, unfortunately, the best savers sometimes find themselves inadvertently breaching their pension lifetime allowance (LTA) and being charged an additional tax that erodes their savings.
The secret to happiness is freedom’, wrote the ancient Greek historian Thucydides. And with the introduction of the pension freedoms rules, those aged over 55 now have far greater freedom of choice over how they use their pension pot to fund their retirement years.
The pension freedoms have given retirees a whole host of new options. There is no longer a compulsory requirement to purchase an annuity (a guaranteed income for life) when you retire. The introduction of pension freedoms brought about fundamental changes to the way we can access our pension savings.
The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. Please take the time to read the Terms and Conditions relating to our financial services.
HSC Financial Advisers is the trading name of HS Coleman (Insurance Services) Limited, who are authorised and regulated by the Financial Conduct Authority (FCA) and is entered on the financial services register (www.fca.org.uk/register) under reference 169843.
Registered as a limited company in England and Wales under company number: 02322691
Registered Company Address: 94-96 Merton High Street, London, SW19 1BD