Planning Your Pension
Retirement is always worth thinking about. Whether it’s just around the corner or years away. Even if you don’t plan on retiring in the traditional way, you’ll most likely need to turn to your pension to help maintain your standard of living.
Pensions can seem complicated. They’re governed by lots of rules and these tend to change more often than we’d like. But it’s not all bad. They offer significant tax advantages as well as a range of options to suit your circumstances and needs. We’ll help you stay on top of it all and that your pension plans are always in the right place.
Pensions Expertise: How We Can Help
Pensions are a tax-efficient way to save and there’s no better time to get started than right now. If you’re leading up to retirement, we’ll make sure you’re saving and planning in the best way possible. And if you’re ready to draw down your pension in retirement, we’ll help you manage it in the most cost-effective way.
Start planning your pension
Based in Putney, we work with clients all over London including Fulham, Wimbledon, Richmond, Wandsworth, Southfields and Surrey.
Planning for your retirement
If your retirement is some way down the line, we help you focus on planning. We’ll look at the different schemes available and help you find the right option for you. We’ll help you decide how much you need to invest whilst ensuring that you keep within your allowances.
Then we take care of your pension for you. We’ll make sure your pension fund is invested in a way that’s comfortable for you and to maximise returns. We’ll adjust for risk factors as you get closer to retirement and ensure that your scheme allows you to access your benefits in the way that’s right for you. And we’ll be certain to keep all your pensions in simple, clear order.
Accessing and managing your pension
When you reach that retirement milestone, we’ll be here to make sure you can enjoy it exactly the way you’ve planned. We’ll recommend the best way to access the pension fund to suit your circumstances and goals.
And then we’ll aim to help your pension lasts as long as possible, so you can enjoy your retirement worry-free. We’ll also think beyond that too, so that you can rest assured that your family could inherit any pension fund in a tax-efficient way.
What You Need To Know:
Don’t get caught up in all the pension jargon. We’ll help you understand exactly what’s relevant to you, and understand how they can support your unique financial goals.
Building your pension pot
There are several types of pension schemes you can save into for retirement – Personal Pensions, Self-Invested Personal Pensions (SIPP) and Stakeholder Pensions to name just a few.
Deciding which type of scheme to use depends on your specific needs and objectives, and we’ll help you decide which is best suited to you.
As well as how your pension pot is invested, you also need to be mindful of how much you can contribute to your scheme.
The amount you can invest into pension schemes each year is determined by the Annual Allowance (currently £40,000) but depending on your circumstances, there may be opportunities to take advantage of previously unused allowances for additional tax efficiency.
Either way, we’ll make sure you’re completely clear about your options so you can decide the right way forward for you.
A pension is a long-term investment not normally accessible until you reach 55. The value of your investment (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance isn’t a reliable indicator of future performance. Levels, bases of and reliefs from taxation may be subject to change and their value depends on the individual circumstances of the investor.
Case Study: Retirement Planning
Read Jane & Michael's story
"With retirement in view and decisions to make about where to live and how to spend our time, we needed some advice. Simon helped get our thoughts in order about our plans for the future and the things that are important to us."
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Arkenstone Wealth Management Ltd is an appointed representative of Sense Network Ltd, which is authorised and regulated by the Financial Conduct Authority. Arkenstone Wealth Management Ltd is entered on the Financial Services register (www.fca.org.uk/register) under reference number 620850.
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