Independent pension advice

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Do you know what your retirement goals are? Have you got multiple pension pots from a varied career? Are you aiming to sell your business to fund your retirement?

There are lots of questions when it comes to pension planning, and the answers are not always straightforward. Seeking independent pension advice from trusted financial professionals helps you to have a clear idea of your current pension savings, when you can realistically expect to retire, and what steps you can take today to maximise your retirement funds.

When you contact YorWealth for independent pension advice, you know you are getting FCA registered expertise to help you make the most of your money.

 

Pension planning

Our advisers will sit down with you to assess your current finances and create an achievable plan for your future. We will recommend some practical changes that you can make today that will provide long term rewards while balancing against your day-to-day obligations.

Based on your retirement goals, we will talk you through the different pension options and advise on the best solution for you. It might be that either a pension annuity best suits your lifestyle and attitude to risk, giving you regular payments and security.

For others, a flexible drawdown approach might be preferable, as they allow you to take more flexible withdrawals and offer investment growth potential. This option may be appropriate for someone when other income is available from savings or investments and you are comfortable with a higher level of risk, as stock markets can go down as well as up.

 

“My business is my pension”

This is a phrase we hear a lot, and we always give the same reply… why not have both?

Having a business to sell once you are ready to finish working is a great way to unlock a lump sum you can use to fund your retirement. But, what if the market changes and the sale is lower than you were anticipating? What if you or a loved one gets ill and you need to make changes before you were planning to?

You have put your all into creating your business and driving its success, so we know how hard it can be to be objective. That’s where an independent assessment from an adviser with your best interests in mind can be invaluable to your future financial planning.

Putting an independent pension saving strategy in place while you’re still working is a great way to defend against uncertainty later in life. Investing wisely and saving throughout your career allows you to build a fantastic reserve of capital which will only enhance your retirement when the time comes.

 

Pensions and tax

We know tax can be a huge source of anxiety when it comes to pension planning. Our independent advisers are here to remove this stress for you and clearly outline the options for increasing tax efficiency.

There are tax reliefs you can benefit from while you’re still working which add to your pension pot throughout your career. Talking to our advisers can help you maximise these reliefs and invest wisely for your future.

When you are ready to start drawing from your pension, when either leaving the workforce entirely or transitioning to part-time employment, we can advise on the best options for your circumstances. We will help you make the most of tax-free pension allowances while growing your existing pot as much as possible.

We can also help you navigate recent changes to inheritance tax (IHT) and put plans in place for your estate management. Knowing that your financial future is secure and your beneficiaries are protected offers invaluable peace of mind.

 

Get in touch

If you’d like to arrange a meeting to get independent pension advice in York, please contact our team today. We are here for the journey with you, helping you to make smart financial decisions throughout your career and into retirement.

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