There has been major changes to pensions legislation in recent years including the introduction of pension freedom & choice and Auto-Enrolment which involves every employer and employee in the UK.
Self-Employed?
If you work for yourself, it is often the case that you are too busy working in the business that you can neglect to stop and "take stock of where you are". More importantly, it is vital that you plan to retire at the correct time for you.
Approaching Retirement?
On average,currently in the UK alone, around 2,000 people reach age 65 EVERY DAY!
Of course, the state pension age is changing and this will affect all of us at some point.
If you aim to retire in the next 5-10 years, it is vital that you take professional advice to ensure that the pension you have to live on when you retire is matched to your lifestyle expectations.
At Retiremnet?
On reaching retirement, many people fail to shop around and consequently miss out on the opportunity of obtaining a better level of income for themselves. The choices of how best to generate your income in retirement need to be examined and explained in plain english to avoid costly mistakes when you can least afford them.
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© Abacus Financial Planning Consultants Ltd. 2020