PENSIONS
Pension schemes differ from saving plans in that there are significant tax benefits. At Otter Wealth, we give you access to teams of experienced advisors who aim to ensure that you get the right advice to help with every aspect of pension and retirement financial planning. We will recommend a portfolio of investments for retirement which are flexible, tax efficient and secure.
The number of retirement planning choices has increased significantly with the ever changing rules surrounding pensions. With the introduction of stakeholder pensions, to pensions simplification and now automatic workplace enrolment, it helps to have solid advice at hand to make these important decisions.
The number of retirement planning choices has increased significantly with the ever changing rules surrounding pensions. With the introduction of stakeholder pensions, to pensions simplification and now automatic workplace enrolment, it helps to have solid advice at hand to make these important decisions.
Factors to consider
- Are you better off in a money purchase or final salary scheme?
- In an occupational scheme or personal pension?
- Which pension schemes offer your preferred level of risk and desired growth potential?
- Which is the most appropriate way to draw your pension benefits?
- Is it through a traditional annuity, phased retirement, income drawdown or a combination?
- Do you need to consider taking the maximum pension fund initial lump sum (tax free cash)?