We specialise in Retirement and Pension planning and can advise on how best to plan for your future. Many of our clients previously had multiple pensions accumulated over the years or have one simple investment or pension. Whether you only have one modest pension, or are fortunate enough to have been able to save a substantial sum, we can guide your through the complex Tax Free Cash rules and Drawdown Income legislation which will allow you to maximise your opportunity for a comfortable and financially stable retirement.
Final Salary Pensions are becoming less common in these more fiscally challenging times. So those with final salary pensions are among a privileged few. Therefore, with our expertise and ability to advise clients independently, we can help our clients enjoy their retirements by tailoring solutions which are suited to their individual situation.
If you are lucky enough to earn more than £200,000 a year you may be affected by the Annual Allowance reductions. We are pensions and investments specialists so can offer all clients parity of service and expertise, regardless of income levels. Our long-term approach means we account for any limits that our clients may encounter and ensure that their pension or portfolio’s are suited to individual situational requirements.
The Lifetime Allowance is the maximum you can have in a pension arrangement, without suffering additional taxation when you withdraw pension benefits. If your pension is above or near £1,073,100 this is something to consider. While this seems like a large amount of money, it is a scenario that is affecting people with final salary pensions and modest incomes with increasing frequency, as well as those with larger savings pots. The rules for this are highly complex, but our strategy for managing exposure to these limits is designed to consider a client's individual aspirations and circumstances, so we can help clients plan for a comfortable retirement.
Berkshire IFA Limited is regulated by the Financial Conduct Authority
Berkshire IFA Limited 11248066 - Berkshire IFA Limited, Albany House, 14 Shute End, Wokingham, Berkshire, RG40 1BJ
FCA Number 826120, email: firstname.lastname@example.org, telephone: 0118 334 3500
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