Retirement Planning
With life expectancy increasing the decisions you make when you stop or reduce work are likely to have an impact for much longer. You should therefore look to adopt a strategy that could be required to support a varying lifestyle for many years to come.
As a result of changing lifestyles and expectations there have been a number of changes to pensions legislation which came into effect in April 2006. These mean that you will have greater flexibility to use your pension benefits:
- allowing higher maximum contributions into pension funds
- removing restrictions on the level of income that can be taken from a pension fund
- allowing you to keep working whilst drawing part or your pension if you want to
To ensure that you make the most of your pension and that you are sufficiently prepared for retirement please contact one of our advisers.
