Is your pension going to be enough?

We provide retirement planning advice

Whether you’re 18 or 68, it’s never too early or too late, to maximise your potential or options. As life expectancy has increased, so too has the need to look beyond the state to provide for us when we retire.

Planning for a financially independent future might seem like a daunting task, but it needn’t be.

What is a Pension Portfolio Plan?

A Pension Portfolio Plan is a personal pension that combine the traditional elements of a personal pension with considerable investment flexibility, including succession planning.

This type of pension allows you to invest your pension contributions into a wide range of funds with great flexibility.

Here at Platinum Wealth, our skilled and experienced team will use their knowledge and expertise to help you ensure you’re getting the most out of your pension. After reviewing your current financial situation and any existing pensions you might have, we will put together a tailor made Pension Portfolio Plan to suit your needs.

What are the benefits of a Pension Portfolio Plan?

Transferring to a Pension Portfolio Plan offers a number of benefits, including:

– Improving the potential performance of your plan
– Maintaining/improving your investment flexibility
– Reducing the overall charging structure
– Allowing you to make regular or one off contributions into one scheme
– Gaining access to regular reviews at your request by an IFA

Who are Pension Portfolio Plans for?

The structure of the Pension Portfolio Plan has been designed for investors that are either Employed or Self Employed, including those that have already finished or about to finish work and are looking to consolidate or make the most of the flexibility a modern scheme like this can make to their future and that of their loved ones.

Unlike government-designed workplace pension plans, this type of plan isn’t an ‘off-the-shelf’ product. Rather, it is a sophisticated, full-advice plan that allows your financial advisor to share their investment expertise and knowledge to help you achieve your retirement goals.

How do Pension Portfolio Plans work

In the long-term, the Pension Portfolio Plan has the potential to outperform a stakeholder plan or  equivalent. The plan is a cost-effective way of managing your retirement as it provides a fund value rebate as your fund value increases and greater flexibility of access from age 55, This means the annual management charge will effectively reduce due to an economy of scale and funds may be able to be accessed gradually as needs arise.

To find out more about how to best plan for your retirement or for a comprehensive review of your finances, get in touch – our skilled and experienced advisors are ready and waiting to help.

Aged around 55? Find out about valuable Pension options that you might not be aware of!