New World of Pensions

In September 11, 2015
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Being still relatively new at Redwood, I am just starting to slowly move into the complicated area of Pensions and it’s started me thinking about my own retirement.

I still see myself as young(ish!), being only 30, but I’ve come to realise that it is time that I look to the long-term and the earlier this is done, the better! I need to figure out where I want to be when I reach retirement age and how I go about getting there. Some years ago I was offered a pension from my employer and I paid in regularly for 6 years but when I left, my new employer didn’t offer this benefit and I didn’t pursue other options. My pension has therefore been drifting around for years and I haven’t paid much attention to it and I have no idea how it is performing.

With the new auto-enrolment coming into effect soon, I will certainly be accepting the offer to pay in and I will also be looking into my existing pension to see if it should stay where it is or if I should move it.

With the help of Redwood I know that they will make sure that I get the best out of my pension and ensure that I am heading in the right direction. They will look at the income that I would wish to receive and show me how to make it happen.

I will now be encouraging members of my family to look at their own pensions too. So many of us pay into a pension just because it is there and it’s offered and we are not too concerned with the benefits, how it’s performing and how to make the most of our money. Having a pension analysis can make all the difference and now that Pensions can more easily be transferred, it’s the ideal time to take action!

So whether you have a pension, multiple pensions, no pensions at all or you are an employer and in need of advice in relation to auto-enrolment – take action and come to see us!

Your capital is at risk. Investments can fluctuate in value and investors may not get the amount back they invest. Tax rules can change at any time.

 

Please remember your home or property may be repossessed if you do not keep up repayments on your mortgage. We give clients the option to pay for mortgage advice by fee rather than commission. Equity Release refers to lifetime mortgages. To understand the features and risks, ask for a personalised illustration.

 

The Financial Conduct Authority do not regulate, Will Writing, Buy to Let Mortgages, Auto Enrolment, Tax Advice and Estate Planning.

 

The opinions contained within this blog, do not constitute financial advice and no action should be taken based on this content alone.

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Redwood Financial Family Wealth & Estate Planners Ltd is Directly Authorised and regulated by the Financial Conduct Authority. FRN number 774469.

Disclaimers

The Financial Conduct Authority do not regulate, Will Writing, Buy to Let Mortgages, Auto-Enrolment, Tax Advice and Estate Planning. Your capital is at risk. Investments can fluctuate in value and investors may not get the amount back they invest. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. https://register.fca.org.uk/

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Email: info@redwoodfinancial.co.uk

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Redwood Financial Family Wealth and Estate Planners Ltd Company Number: 08926661
Registered Office Address: Wellesley House, 204 London Road, Waterlooville, Hampshire,