Retirement Planning

Planning for retirement is one of the most important financial decisions you will make during your working life. Most people accept that state provision will not allow them to have the financial freedom that they would wish for themselves.

Putting aside a regular amount of money into a Pension Plan during your working life is one of the most convenient methods of ensuring that you will have a steady level of income during your retirement. The tax incentives offered by the UK Government provide the opportunity for your Pension Fund to grow with virtually no tax. You are also currently allowed to draw up to 25% of your pension fund as a lump sum, with no tax payable.

It is also important to keep your pension plans under review. Pension legislation has changed regularly over recent years, and many older style arrangements are not offering the best value for money. Here at Atlantic Coast Associates, we are able to fully review your current plans, to enable you to remain 'up-to-date' with suitable arrangements in place.

Many of our clients choose to use other methods of saving and investing in order to provide for their security in retirement. These can be in addition to their pension plans and typically include investing in ISAs, Unit Trusts, Investment Bonds, or in some cases direct investments into residential property. All these plans need careful consideration, particularly regarding their relative tax efficiency. We are happy to provide advice in any of these areas. Whilst on the website, please take the time to study our Investments page.

If you are considering asset-backed investments, including pensions, you should be aware that the value of your investments and any income generated from them can fall as well as rise and that you may get back less than you invested. Past performance is no guide to future performance.

Simply contact us to arrange for a free initial consultation or quotation on 01872 571868 for the Perranporth office or 01726 871150 for St. Austell. Alternatively complete our contact form and one of our Advisers will contact you shortly.