There comes a time when you stop working for your money and put your money to work for you. For most people, that is retirement.
The decisions you make then could have repercussions for the rest of your life, and in recent years there have been some major changes to the retirement choices you can make with your pensions.
Our guide will help you understand the key issues and decisions that will affect your income after retirement. In this guide, the focus is on private pension provision, which for many people will be their primary source of retirement income.
The scope for drawing pension benefits has changed significantly in the past few years, giving greater flexibility and a correspondingly increased need for advice.
Keith Relf, Managing Director at Pembroke Financial Services, Independent Financial Advisers specialising in Pensions and Investment advice in Sussex says “We hope you will like our fresh new design for the Key Guides series. As we move further into 2019, we thought it was the right time to bring out a new look for some of our communications. You’ll see it in our new Key Guide range, which features a stylish, professional design. Gone are the days of text-heavy layouts – welcome to our new, colourful, image-rich guides. You’ll see as you read that the guides still contain our professional, fully up-to-date guidance as well. Each title offers you an essential introduction to a key topic of financial planning, covering the latest developments announced in the 2018 Budget, and those coming up in this new tax year.”
With key headline announcements coming into effect in April, such as the personal allowance increasing ahead of schedule, it is just as important as ever to make sure you are getting the latest advice. With the new tax year bringing deadlines for key investment allowances, you should make sure you’re making the most of the opportunities available to you.