Pre-retirement and UK Pensions Planning

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Would you rather receive independent pensions advice from an experienced IFA, or from an adviser who is not deemed independent?

The UK’s retirement and pensions planning system has transformed, and we help you make the most of the new pensions freedom. Contact us for a free financial review – and if you engage us we’ll continue to provide you with regular independent financial advice and assessments.

Our independent pensions advice and retirement planning service
Retirement plans and pensions are often considered a minefield, particularly for the self-employed. RBA provides clear, independent pensions and retirement planning advice which your adviser combines with your income forecast to ensure your plan is practical and as realistic as possible. 99% of our customers remain with us over the long term, receiving our ongoing pensions and retirement planning service, which includes:

  • Pension plan performance updates, to help manage your eventual retirement income
  • Retirement plan review meetings
  • Tax efficiency advice (tax treatment varies according to individual circumstances and is subject to change)
  • Ad hoc telephone and email access to your own RBA IFA.

Call 01604 760766 or email [email protected] to discuss this with one of our independent financial advisers and pensions specialists.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Pensions

Let’s talk about…

Deciphering Pensions Freedom: If/How to Apply It

When the UK pensions system was transformed, cowboys who weren’t verified financial advisers appeared and took advantage of investors’ confusion. If you believe this may have happened to you, as truly professional independent advisers we urge you to visit the FCA online facility for more information.

Truly independent, trusted and properly researched advice
RBA demonstrates its professional commitment to raising standards in the financial advice industry in terms of:

  • knowledge
  • capability
  • ethical practice.

Most of our team have been part of RBA IFA for 10–20 years and we consider our customer retention rate of 99% an expression of the level of trust we’ve earned. If you would like to be confident that you are speaking to an accredited independent financial adviser (IFA), with more than 10 years of experiencein the pensions industry, call us on 01604 760766 or email [email protected]

What happened when pensions freedom was introduced?
Prior to April 2015, retirees were deterred from accessing their defined contribution from their pension pot by tax: they used to be taxed at a rate of 55% if they withdrew its entire contents. Savers have always been able to extract 25%, and often the remainder was used to purchase an annuity.

Since 6 April 2015, savers aged over 55 have more options (25% of any pension pot has remained tax free). For example, you or your spouse could:
• draw one large lump sum
• draw a number of smaller lump sums
• arrange to draw regular payments (known as flexible drawdowns)
• buy an annuity for guaranteed income (purchased gross so no tax is payable)
• see if you qualify for an enhanced annuity with higher rates.

If you were born between 6 April 1938 and 5 April 1948 you will benefit from a slightly lower personal allowance (£10,500 in 2014/15). This means some retirees might pay less or no income tax.

Working out if – or how – the new pensions freedom could improve your retirement is complicated, and you certainly won’t want to generate an unnecessary tax charge. Call us on 01604 760766 for clear, independent expertise that you can trust.

Independent Retirement Planning Advice

If you had the choice, you would choose an experienced, independent financial adviser for pensions and retirement planning. RBA IFA is one of the relatively few remaining sources of independent financial advice in Northamptonshire.

Formally helping to raise industry standards
What’s more, RBA demonstrates its professional commitment to raising standards in the financial advice industry.

Most of RBA’s IFA team have remained with the organisation for 10–20 years, which has helped to maintain consistently high service quality standards and a customer retention rate of 99%. We’re able to help most people: just call us on 01604 760766 or email [email protected]

FREE retirement planning review: it pays to think ahead
We offer a free pension and retirement plan review so you know:

  • how your retirement fund is performing
  • what your options are
  • what your retirement income is likely to be
  • if the new pensions freedom options are relevant to you.

Retirement plans for the self-employed and for those considering a major life change, such as divorce, can be particularly complicated, and so receiving professional advice is especially important. This is why we offer a free review of your pension performance, your circumstances and your retirement plan. Please contact us to make an appointment with an independent adviser.

Over 95% of People Who Come to Us for Help Get a Better Pension

Pension performance changes over time, so it’s imperative that it’s monitored and properly managed – so if there is a sustained dip in the economy, you have the opportunity to respond and make adjustments.

As one of the few remaining sources of independent financial advice in Northamptonshire, we can carry out thorough, whole of market searches (rather than restricted searches) when looking for alternative options for clients.

Most of RBA’s IFA team have remained with the organisation for 10-20 years, which has helped them to maintain consistent service quality standards and a customer retention rate of 99%. We’re able to help most people: just call us on 01604 760766 or email [email protected]

FREE retirement planning review: Over 95% of the people we help get a better pension deal
We offer a free pension and retirement planning review so you know:

  • how your retirement fund is performing
  • what your options are
  • what your retirement income is likely to be
  • if the new pensions freedom options are relevant to you.

Please contact us to make an appointment with an independent adviser.

Checking for Occupational and Final Salary Pension Shortfalls

Your final salary scheme or occupational pension is the sum total of all your working life. It’s a pot that should contain every penny you and your employer have paid in, and can provide some protection against inflation.

A risk not worth taking
It’s important to understand that the income from these schemes can’t be guaranteed or underwritten by anyone other than your current/former employer. This inherent risk is not worth taking and RBA IFAs help clients mitigate it with an initial pension assessment and then ongoing monitoring. For a free assessment, call us on 01604 760766 or email [email protected]

Most of RBA’s IFA team have remained with the organisation for 10–20 years, which has helped them to maintain consistently high service quality standards and a customer retention rate of 99%. We’re currently one of the few independent sources of financial advice left in Northamptonshire, and we’re able to help most people.

FREE retirement planning review: Over 95% of the people we help get a better pension
We offer a free pension and retirement plan review so you know:

  • how your retirement fund is performing
  • what your options are
  • what your retirement income is likely to be
  • if the new pensions freedom options are relevant to you.

Please contact us to make an appointment with an independent adviser.

Selecting an Annuity Could be the Most Important Decision of Your Life

Here’s how annuities work. Part of your pension fund becomes available as one or more tax-free lump sums as you approach retirement. (More details about these lump sums can be found on our pensions freedom page.) The remainder is often used to buy an annuity, which provides you with an income for the rest of your life, after you retire.

Separating the good deals from the bad
Some annuities pay out more than others, so selecting the right one for you directly impacts your retirement income. RBA’s financial advisers are independent, rather than restricted, so they carry out whole of market searches in their quest to find the best possible deal for you.

As whole of market independent financial advisers (IFAs), we are not tied to the products of any pension or annuity provider.

Instead, we shop around for you, knowing that an annuity can sometimes increase an individual’s retirement income by up to 30%. There are also other aspects we can take into account: for example, if you have health issues or if you smoke, you might be entitled to a higher income.

We’re currently one of the few independent sources of financial advice left in Northamptonshire and we’re able to help most people. We can also vouch for our team’s experience, as most of them have remained with RBA for 10–20 years and have maintained a 99% customer retention rate.

FREE retirement planning review
We offer a free pension and retirement plan review so you know:

  • how your retirement fund is performing
  • what your options are
  • what your retirement income is likely to be
  • if the new pensions freedom options are relevant to you.

Please contact us on 01604 760766 or email [email protected] to make an appointment with an independent adviser.

Get advice

For expert advice on wealth management, investments, tax planning, pension planning, pension release and pension transfers, annuity options and more,

Call us on 01604 760766

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