Invariably, your pension fund will be at the very centre of your retirement financial planning. The substantial advantages of tax relief on your contributions, tax free growth, and up to 25% tax free cash upon taking your benefits make pensions the most attractive way of planning for your retirement years. It should be noted, however, that any resulting annuity would be taxed as earned income and that the tax treatment of pensions may be subject to legislative changes in the future.

Combined with the best available investment and fund management strategy, it creates the foundation of a compelling long term savings proposition.

In fact, the tax breaks are so very substantial that it’s unwise not to take full advantage of the opportunities presented. A basic rate tax payer will receive 25% uplift on their contribution and a higher rate taxpayer will receive as much as a 67% uplift once the difference between basic rate tax and higher rate tax has been reclaimed via their tax return. Nowhere else can you benefit from such instant growth.

Upon taking benefits, I can tailor your pension and investment strategies to provide highly tax efficient income streams to meet your desired lifestyle expenditure patterns.

Clearly, it makes sense to talk it over with a specialist like myself to develop your personal strategy with confidence before making any potentially irrevocable decisions.

You may find our complimentary guide to planning your retirement helpful.