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Pensions

Independent Financial Advisor Leeds - Richardson & Wise Finance.

We offer a completely FREE and no obligation consultation of up to 30 minutes - Contact Us now!

Planning for later in life is vital. People are living longer nowadays so will your income run out before you do?

You cannot rely on the state to provide for your comfort in retirement. Richardson & Wise can help you devise the best pension plan to suit your situation.

Saving for a proper pension has never been more crucial - statistics show we are living longer and so must take this into account when preparing for the future. You cannot rely on the £90.70 per week that the State currently provides for your comfort in retirement. Many greatly underestimate the amount of provision needed, with less than half (43%) of the population having some form of plan for their retirement.

We offer a bespoke pension planning service based on your personal needs, aspirations and ambitions. We can reassess current plans in place as well as suggest alternative options for future income.

Expert advice should always be sought when considering transferring frozen or even active pensions

SIPP

A Self Invested Personal Pension (SIPP) is a sort of DIY pension for people wanting to manage their own fund. It is a tax-efficient wrapper allowing for a wide range of investment types. Investors decide whether assets are brought, leased or sold and decide upon their purchase and disposal.

The range of investments includes:

• Unit trusts and managed funds.
• Shares of public companies listed on a recognised stock exchange, inc share options and futures.
• Unquoted shares (including the shares of one's own company, subject to certain limits).
• Gilts and government bonds.
• Bank and building society deposit accounts.
• Loans, including loans to the parent company and associated companies.
• Commercial property.

SSAS

A SSAS can be very advantageous as it allows for the individual(s) to:

• Save the business Corporation Tax.
• Keep control of their own assets at all times.
• Preserve their pension fund from annuity on retirement.
• have investment freedom.
• Use loanbacks as a way of financing corporate activities.
• Have investment freedom.
• Use loanbacks as a way of financing corporate activities.
• Invest in commercial property, securing company premises from debtors, allowing tax-free rental collections and ring-fencing from Capital Gains Tax.
• Various tax advantages.

Full advice will be provided on the above. Contact our team to find out more.

Richardson & Wise offer Group Pensions advice to companies with several employees. We act for both Employer and Employees on all aspects of retirement planning.