With the recent changes in Pensions legislation in April 2015, and ‘Pensions Freedom’, there has never been a better time to review your retirement plans, whether you’re still working or about to retire or even already retired.

 

The choices are much greater than they have ever been, and getting the right financial advice is crucial in seeing your retirement plans fulfilled.

There is no simple solution to the fact that people are generally living longer and less people are now working to support an increasing number of people who are living longer in their retirement.

 

The State pension schemes are unlikely to adequately support affluent individuals and their families.

A pension is very simply a means of building a pot of money for retirement where the Government provide some tax advantages to provide the incentive to save.

 

At Vine Financial Solutions, we can help you plan for what could be the ‘longest holiday of your lifetime’ in a sensible and structured way.

Solutions may involve the following:

 

Pre-Retirement

 

• Stakeholder Pensions – a simple straightforward, low cost form of pension that may suit those on a limited budget

 

• Personal Pensions- A pension plan that can suit all types of budget providing a wider investment choice

 

• Self Invested Personal Pensions – A more bespoke option for those that wish to have a wider range of investment options such as investing in shares or commercial property and ‘take control’ of their pension planning.

 

Post-Retirement

 

• Annuities including Enhanced annuities – Ideal for those who want to know exactly how much income they are going to have, and who don’t want to take any risk in retirement.

 

• Flexible Drawdown options- For those who would like the most flexibility in retirement about how and when they draw their retirement income.

 

For our Group and company retirement solutions, see our Business section.

 

The value of investments and pensions can fall as well as rise. You may get back less than you invested.