Are you ready for the next set of pension changes? Could you benefit from someone to help you navigate and direct what it all means for you? |
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Some key questions you should be asking yourself include:-
Are you planning to catch up on any missed pension contributions with large lump sums over the next few years? Are you taking benefits from an Income Drawdown arrangement and perhaps further protect death benefit for your loved ones? Do you have a large pension pot with potentially close to £375k Tax Free Cash entitlement and no protection on ‘A-Day' (6.4.06) Are you one of the unfortunate women caught up in the State Pension Age changes and no longer able to receive your state benefits at age 60 and, therefore have a gap in your Pension funding? Is your Pension Pot liable to be in excess of £1.5 Million on reaching retirement age? Are you an employer and is your staff pension scheme ready for NEST ( National Employment Savings Trust) If you fall into any of these categories, we urge you to seek Financial Advice, as Pension Legislation is once again changing on 6th April 2011. These changes could have an impact on your future pension benefits and Tax Position both at retirement and on death. We would be delighted to help you work out the best solution for you and your future. Kirsty Sutherland, Wealth Management Adviser |
