Personal Pension Plan
Regardless of what stage you are in life, whether you are employed or self-employed, young or old, a pension is a tax efficient vehicle to help you save for retirement and provide an income to maintain your lifestyle.
A Personal Pension Plan can work alongside any existing or workplace pension you may already have within contribution limits.
When you invest into your pension, whether it is a workplace pension or private arrange, it is there to grow your money over and above what is offered through normal savings accounts. Your funds are invested to help grow over time. This is where we advise you on the best way to achieve your investment goals for retirement.
In general, there are limitations to where you can invest within a workplace pension, this doesn’t mean we would ask you to move away from your workplace pension but build an investment strategy that would better suit your needs and have a wider selection of investment funds. Generally speaking, personal pensions can’t be accessed before the age of 55, at which point you will have to access to a tax free lump sum and an income in retirement.
There is more than one way to save for retirement and that is why it is advisable to seek advise from a Qualified Independent Financial Adviser.
What is included in a Personal Pension Plan Service?
For anyone with existing pensions, we use the latest tools, which are unbiased to build and develop your existing portfolios. By doing this we are able to establish:
- How they have performed in the past.
- Are they in line with their objectives and risk profile?
- How much they are paying for their existing arrangements?
For those that are seeking to save for their retirement we will always suggest starting a workplace pension first, as you will always benefit from your employers’ contribution.
However, for those that are fully utilising their workplace pension and are still seeking to save for retirement, we will help you to develop more bespoke arrangements and discuss how these will work alongside your existing arrangements.
You should be aware of the fees that may be involved in buying a property which may include:
- Stamp duty land tax
- Mortgage product fees subject to lender
- Valuation fees subject to lender
- Solicitor / legal fees
- Independent valuation that you may wish to carry out
- Broker fees
- As a seller / vendor – estate agent fees
What makes Crystal Financial Solutions different to other Pension Planners?
Whole of market – this means we are not tied to any pension provider and can use all available to us in the market.
We provide independent, bespoke and unbiased advice.
We provide a crystal clear/bespoke solution based upon your individual circumstance to match the best pensions for your financial circumstances.
We understand the complexity of different pension types and we’re here to bridge that gap to make the process as simple as possible.
The Crystal Financial Solutions team have been operating for 20 years, and have gained a wealth of experienced in pension planning.
We’ll help you throughout the whole process and not just when the pension is being planned.