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Retirement Planning


With an ever increasing life expectancy and state pension age rising, there’s no better time than now to start planning for your retirement.

Whatever your age it’s never too early to start saving for your retirement. However, the longer you leave it, the less time your funds have to grow and accumulate and the more you will have to contribute. The power of compounding here cannot be overstated and you really should start saving for your retirement as early as possible. 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, however, it needn’t be. Speak with one of our advisers today for a comprehensive review of your finances and expert advice on how best to plan for your retirement.

Basic Rate Taxpayers

Did you know?

The amount of tax relief you get on your pension contributions depends on the top rate of income tax you pay. Basic-rate taxpayers (who pay 20% income tax) automatically receive 20% tax relief on all contributions. The money gets paid into their pensions automatically, whether it is operated by their employer or if it is a personal pension. This is known as ‘relief at source’.

Higher Rate Taxpayers

Did you know?

Those paying 40% income tax are entitled to 40% pensions tax relief on contributions and 45% taxpayers, 45% tax relief. When higher rate taxpayers contribute to a pension they automatically receive 20% tax relief at source on their contributions to personal and employer pensions. Few know, however, the additional 20% or 25% tax relief must be claimed separately.

State Pension Age

Did you know?

The age at which women qualify for the state pension is in the process of rising from 60 to 65 by November 2018, with the exact date depending on the month you were born.
Between October 2018 and October 2020, both men and women’s state pension age will increase to 66. And between 2026 and 2028, it will rise again to 67.

The average woman's pension fund is
The average man's pension fund is £73,600.
As of 2018 in the UK
of the adult population say they don’t have a pension.
UK pensioners living in poverty
*Poverty is defined as 60% of median income after housing costs.
The average person saves
into their pension each month.