pension advice
Combine your pensions. Unlock their potential.
Feeling overwhelmed by tracking multiple pensions from multiple jobs? Merging or transferring your pensions can make planning for your future a lot easier and less stressful.
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Why choose us
Pension advice made simple
Focus on enjoying your retirement, let our financial advisers handle the pension searches, paperwork and everything in between.
Save Time
Don’t waste your valuable time searching for old pension plans and completing lengthy application forms. We’ll take care of it for you.
Save Money
By combining or transferring your pension pots into a single plan, you could make big savings on your monthly fees.
Get Expert advice
Your pension adviser offers free initial consultations. You’ll discover your financial opportunities, with no obligation to continue. Risk free.
combining pensions
What should you know
By combining your pensions, you can gain a clearer overview of your retirement savings, reduce administrative fees, and potentially improve investment performance. But, no two people are the same, everyone has different needs.
If you have found us here, we guess you are up to speed with how it works, how it benefits you and what it does. But just in case.
A pension transfer or combining pensions involves moving funds from one pension scheme to another. This process can be beneficial if you have multiple pensions from previous jobs or want to consolidate your savings into a single pot.
By understanding the benefits and potential drawbacks of combining pensions, you can make an informed decision about whether it’s the right option for your retirement planning. Here’s a few:
Simplification: Reduce the administrative burden of managing multiple pensions.
Improved investment options: Access a wider range of investment choices to potentially grow your savings.
Lower fees: Potentially reduce the overall costs associated with managing your pensions.
Flexibility: Gain more control over your retirement planning and have the option to access your funds earlier if needed.
Pension transfers
Pension consolidation or pension transfer refers to the process of combining multiple pension pots into a single account, making it easier to track and cheaper to manage.
Why do it?
Transferring or merging your pensions can be beneficial for several reasons:
- Simplified management
- Potential cost savings
- Improved flexibility
- Increased transparency
Any risks?
It's important to consider the potential risks and costs associated with pension consolidation. Your pension adviser can explain fully but these can include:
- Transfer fees
- Loss of benefits
- Tax implications
Retirement goals
Ensure that your proposed combined pension aligns with your long-term financial objectives. By carefully considering these factors, you can make an informed decision about whether combining your pensions is the right choice for your retirement planning
pension advice
What we do for you
We'll help you make informed decisions about combining your pensions, increasing your chances of achieving a comfortable retirement.
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Assess your needs: Understand your financial goals and future plans to determine if combining pensions is the right choice for you
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Explain the process Advice relevant to your specific circumstances, considering your retirement goals, risk tolerance, and financial situation.
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Compare providers: Help you choose suitable investment options based on your risk profile and retirement objectives.
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You can get expert pension advice, from 8am - 8pm Monday to Friday.
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Pension transfer questions
A pension transfer involves moving funds from one pension scheme to another. This can be beneficial if you have multiple pensions from previous jobs or want to consolidate your savings into a single pot.
Combining your pensions can simplify your retirement planning, potentially reduce fees, and provide access to a wider range of investment options.
Most pensions can be combined, but there may be restrictions or penalties depending on the specific circumstances of your schemes. It's advisable to consult with a pension adviser to determine the suitability of combining your pensions.
Some pension providers may charge fees for transferring funds. It's important to compare the costs of different providers before making a decision.
The rules for accessing your pension funds early may vary depending on your age and the type of pension you have. It's important to understand the potential tax implications and penalties associated with early access.
The timeframe for a pension transfer can vary depending on the complexity of the process and the efficiency of the involved pension providers. It's generally advisable to allow sufficient time for the transfer to be complete
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen..