Saving for retirement takes some planning!

Pre-Retirement Information

There is an increasing onus on us all to ensure our pension savings are adequate to meet our needs in retirement. With state retirement age and life expectancy both on the increase, we are faced with having to work longer, save more for retirement or spend less in retirement.

The introduction of AutoEnrolment has helped more people in the UK to save in a pension, there still remains a challenge about whether many are saving enough!

Fortunately, pensions are a very tax efficient investment and unlike any other investment, your pension contributions qualify for tax relief which will increase your pension fund and/or decrease your tax bill.

Furthermore, the government has recently announced increased flexibility and choice when the time comes to take your pension benefits. Gone are the restrictions and caps that control how you spend your pension fund at retirement and you can even access your entire fund, subject to income tax, as one lump-sum payment. How you choose to spend your pension and sustain your standard of living in retirement................ well, once again, the onus rests very firmly on your shoulders.

Your main aims in the pre-retirement stage should be appropriate funding (accumulation) of your pension and managing your pension funds to maximise growth opportunities.

Why not try our Pension Review service to see if your pension arrangements are performing?

“Intelligent Pensions are clearly experts in their field and they have managed my pension fund extremely well”

- Mr M, Surrey

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