pensions advice

Thinking today
about tomorrows income

Pension Plan Options

Changed Pension Rules

In April 2006 the Government changed the pension rules, effectively scrapping the complicated and expensive pension rules that have evolved over the last 25 years. Rules that have been amended time and again by acts of parliament and changes in UK and European legislation.

Wider Choice of Investments

The hub of the new rules is to encourage us all to save more for our old age, provide a wider choice of investments opportunities, remove the compulsion of buying an annuity at 60 or 65, and allow the capital to pass to our dependents rather than the insurance company.

A Very Significant Change in Pension Regulation

This is a very significant change in Pension regulation and will affect every individual in the UK. Employed or Self Employed.

If you have an existing pension either personal or with your employer your scheme and its benefits us likely to have been changed. Likewise with the benefits for your family if you or when you die.

The Pension Options

One of our consultants can take you through all the options that apply to you, and your adviser will discuss some or all of the following types of pension plan you may have and how the changes affect you and your fund.

Stakeholder Pension
Personal Pensions
Personal Retirement Plans
Additional Voluntary Contributions either free standing or to an employer’s scheme.
Company Pension
Self-Invested Personal Plan (SIPP)
Small Self-Administered Pension Scheme (SSAS)
Pension Draw down
Deferred benefit schemes.