Pension Advice. Your retirement matters
We’ll help you arrange financial security for later life so book your fee free pension consultation over the phone or in your home and we’ll call you back.
Let's start at the beginning – what exactly is a pension?
What it does for you
A pension is a tax-efficient way to put money aside for later in life, to provide income for when you retire. When you reach age 55 you can take the money from your pension.
How does a pension work?
The basic pension options are usually fairly consistent across all types of pension:
Currently from the age 55 you can access your pension. Usually you can take up to 25% as a tax free lump sum. Then you have to decide what you want to do with the rest, whether that’s starting to withdraw some or all of the money, or keep paying in. We’ll simplify and explain all this to you during your consultation.
Why would I use a pension advisor
Flexible Pension Advice
Completely Risk Free
Minimal paperwork for you
Peace of mind
What types of pension can I get?
You can get up to three different types of pension, depending on your personal circumstances.
Employers arrange these pensions for their employees. In most cases, both you and your current employer will contribute to your workplace pension. A percentage of your earnings may be paid into your retirement plan by your employer and you, unless you have opted out. The two different types of workplace pension are:
If you’re in employment and eligible you probably already have a workplace pension. If you’re not sure, speak to your companies HR team if they have one.
When you reach State Pension age, the government pays you the standard pension. You must have reached state pension age and contributed to National Insurance (NI) for at least 10 years in order to qualify for the UK State Pension. A person must have paid 35 years of NI contributions to receive the full State Pension.
A personal or private pension is one you set up and pay into yourself. You can decide how much you want to contribute to a personal pension and how you want to invest your savings. If you already have a workplace pension, you can also have a personal pension. A personal pension can help you save for retirement if you’re self-employed.
Why should I choose GHL Direct pension advice
We'll make sure you are getting the right pension advice
If you’d like to explore the specific options for your circumstances, or simply check if you have the right pension plan in place, please get in touch for your free no obligation chat.
We hope our page has given you a small insight into pension planning. To explore the specific options for your circumstances, please get in touch for your fee free chat today.