Pensions & Retirement Planning

Why have one, what do they mean for your future and what is the alternative? It is worth getting good solid advice before making a decision. A financial advisor can help you choose what is right for you so why not get in touch with one of our friendly female advisors for a no obligations consultation.

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What type of pension to have?

Private pensions mean that you have to fund them yourself, but it is a secure form of paying for your retirement and you have total control over who you choose as a fund manager and where your money is held.

Employer pensions have the possibility of your employer contributing towards it too, with some even matching what you are putting in, which is an added bonus. However, you do not have control over which company manages your funds.

All pensions are tax efficient too if your payments come straight from your gross salary, you won’t pay any tax on them. If they don’t, you can still claim the tax back.

A pension also provides security. It provides you with an income whilst in your retirement. The State pension at present is not enough for most people to enjoy the lifestyle they would like and the age of retirement is much higher than a private pension.

Remember it is worth starting early. Many young people going into their first job will not even think about pension contributions, but with longer living and the State not being able to provide, it is worth taking the step of starting your pension early to build up a decent fund by the time you retire. Who knows what will happen in 30 years time, we may not even have a state benefits system to rely on.

What are the alternatives?

There are other ways to save your money and some make more than others.


You can save up to £20,000 per year (2019) in an ISA and you have the choice between an investment or a cash ISA depending on the level of risk you wish to take with your money. All interest you make is tax-free and you have the choice to move it or take it out when you want.


Property can be a good investment for the long term. The market can still suffer from dips in value which is a risk you take and you may have to pay tax on any profits you make. There are many different options to choose from therefore it’s important to seek advice before starting out on this journey.

Stock Market

Pension funds tend to be focused on more reliable investments which carry less risk than some stocks and shares. If you are happy to take the risk, you can make more dramatic returns on your investments if you do it yourself. It is worth doing your homework before deciding to go down this route as it carries high risk and the investments you choose can drop in value to.


Submit your enquiry and one of our customer advisers will arrange a convenient time to answer all your questions and provide all the information and pricing details relavent with working with an IFA.

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