With the introduction of the workplace pensions and the Pensions Freedom legislation in the last few years, it can be difficult to keep track of what options are available with regards to your retirement planning.
Co-operative Wealth will work with you to consider all the options based on your needs and risk appetite. As part of the financial planning process, it is our job to blend the savings vehicles that will yield the most efficient income in retirement.
Whether you looking to save for your retirement, review your existing pension plans or consider transferring your company pension, lets us tell you the right decision to take.
Forward planning for your retirement can mean having the reassurance of financial security in later years, rather than the worry of wondering how you will cope. A comfortable lifestyle in retirement is something to which we all aspire, and increasing longevity means that we all need to make extra provision for that retirement.
A pension is a long-term investment. The fund value may fluctuate and can go down, which could have an impact on the level of pension benefits available.
Your pension could be affected by interest rates at the time you take your benefits. The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation, which are subject to change in the future.