Pensions

Whether you’re thinking about saving into a pension for the first time or making decisions for your retirement, it’s important that you make the most of your money.

Recent pension changes have had a positive impact on people’s feelings towards retirement and given them more choices to help achieve the retirement they want. From the age of 55 you now have access to all the money that’s in your pension pot. However, you need to be aware that this pension pot has to last you a long time, as most people underestimate how long they will live. Consideration also needs to be given to any tax that might be payable. We feel that it is important that you take independent advice through Anstee & Co, so that you can consider all the options.

Pensions
There are many factors to consider when looking at a pension and the process may seem complex and time-consuming. Our expert pension advisers will support you at every step and do most of the work for you. Simply contact us and we can guide you through the process from start to finish.

Call our expert advisers now
01536 483733

It is always a good idea to understand what’s happening, so read on to find out more aboutwhat is involved and how to help ensure
you’ll find a mortgage that is right for you.

Your Choices

The following diagram shows just how much flexibility there now is

Building your pension pot

You can see the amount of choices you have to take your money from your pension pot. But to have those choices you’ll need to have first built up a pension pot.

You might find yourself in one of or more of the following circumstances, each of which could be a potential solution to increasing the size of the pension pot you have.

  • You’re close to paying off your mortgage so may soon have further scope to consider an increase in pension contributions
  • Your children are leaving home, easing some of your monthly financial commitments
  • You have old pension plans that you may wish to take financial advice on, as to whether or not they may be better served within a new plan
  • You’ve received some inheritance that you could consider the merits of investing into your current pension pot

Do you know you get tax relief on payments you make to a pension? For a basic-rate taxpayer, this means it would only cost £80 to get £100 paid into your pension pot. For higher-rate tax payers the benefits are greater.

Pension Wise

pensionwise_logo-4ae7179d0341a85b0d74dd1974118be3Pension Wise is a service from the Government that offers free and impartial guidance on pension options.

Anstee & Co is registered with Pension Wise as we provide independent unbiased advice on pensions.

Confused by all the pension options? We can guide you.

Our expert team of pension advisers is available to help you make the right decision relating to your pension.

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Call our expert advisers now
01536 483733