Pension Planning
Pensions are a very tax efficient method of investing, and unless you intend to continue working until the day you die, everyone should consider contributing into a pension.
In its essence, a pension is simply a savings plan that is designed to generate an income when you have stopped working and are no longer receiving an income from work.
Generally, pension advice sits in two areas; accumulation (saving for the future) and de-cumulation (enjoying your pension benefits). However, regardless of the life stage of you and your pension, the engine of growth within the pension is the investment strategy and the appropriate level of investment risk which is suitable for you.
There are a number of regulatory implications that need to be considered when contributing or drawing benefits from a pension, including the annual allowance (which may be tapered), the lifetime allowance, and the use of carry forward reliefs. These potential traps are one reason why seeking suitable advice on your pension is important.
Whether it’s Richmond pensions, Mayfair pensions or a Chelsea pension, South West London is a focus for us here at Tilikum Wealth Management. We can offer our highly qualified expert support with pension planning and advice across the region, from Kingston to Twickenham and Victoria to Westminster and all those places in-between.
The next step is to tell us what’s important to you and your financial goals, so that we can start your journey of wealth management.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax reliefs depends on individual circumstances.