Retirement Planning - Your Personal Pension Plan

We will work with you and your family to plan for your pension and financial requirements producing a personal pension plan that is structured to meet your needs. Most importantly, you will know your numbers in terms of how much you need to save and how long your money may last. We will also look at spousal income protection if the main pension income spouse were to go into care.

We can assist with private pension plans if you are self employed.

Working with St. James’s Place and their carefully selected panel of providers we offer the following range of products:

  • Self-Invested Pension Plans (SIPPs)
  • Trustee Schemes
  • Retirement Plans
  • Drawdown Plans
  • Flexi Access Drawdown
  • Annuities

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Self-Invested Pension Plans tend to have higher costs than a standard pension and active management is essential to maximise the benefits of the wider investment choice on offer. For these reasons, they will not be suitable for everybody and generally only those who are fairly experienced at actively managing their investment should consider this type of investment.

Nearing Retirement

Retirement planning has now been made much more complex due to Pension and tax regime changes, and advice has never been more paramount.

So, when approaching retirement age, the right type of advice can make a huge difference. Your previous income may be replaced by an annuity, and as annuity rates change so rapidly, it is important that your circumstances are taken into consideration when choices are being made.

Early Retirement due to Redundancy

As a result of corporate restructuring programmes by large companies in recent years many find themselves needing to make a decision on taking a voluntary redundancy and possibly onto early retirement. We will work with you to make sure that you make educated decisions as you prepare for the redundancy consultation process. Equipped with the knowledge of what your assets may achieve for you and knowing your cashflow in retirement will enable you to make better choices in what lies ahead.

If you would like more information please contact AMG Wealth Management on 01332 551155 or email [email protected]