Pension transfer advice

When was the last time you or an adviser took an interest in how your pension investments are performing? If your provider is not telling you, and you are not asking, the chances are you will never know – and that’s just not acceptable. Remember - this is possibly one of your larger investments, do not ignore it!

Transferring to a more suitable modern pension plan is very likely to improve the return on your investment. You have nothing to lose by finding out:-

Our initial, personalised report to you will be provided free of charge and without obligation.

The sooner you take action the sooner we can investigate for you.

About Transferring A Pension

Pension transfers require specialist advice. Wrightway Financial Consultants provide a well-informed audited process to ensure that moving the investment fund to a new pension provider is the right course of action for the client. Personal pension transfers are fairly straightforward, whereas transfers from company (or occupational) pension schemes are met with complex rules, and it is important that the adviser holds the suitable qualification to advise on these as recognised by the Financial Services Authority. Wrightway Financial Consultants offer such qualified advice to help you understand your transfer options. Our advice is impartial, unbiased and bespoke for each client.

To help you make an informed choice why not contact our qualified advisers today. Call us on 020 8302 5533 or complete our enquiry form.

Releasing Cash From Your Pension

If you are over 50 years of age, it is possible to take a tax-free lump sum from your pension now to spend how you wish. The balance of your pension fund can be left to remain invested to grow to provide you with a future pension income.

2010 Deadline

The tax-free lump sum available from pensions is generally 25% of the fund value and at present anyone over aged 50 qualifies. However, from 6th April 2010 the government will raise the eligibility to age 55. Therefore if you are currently over 50 you have less than two years remaining to qualify for this opportunity.

Why Should I Do This?

For some people it is the only source of raising a lump sum payment now, perhaps to meet debts or pressing expenditure. For others this may represent an opportunity to make available a lump sum now for alternative investment or a spending opportunity. Either way, this is a tax-free way of releasing capital before retirement. However, remember this is only suitable in certain circumstances. Taking the tax-free lump sum at this early stage will certainly reduce your final pension fund by the percentage released, and as a result, the eventual income that you will receive in retirement. It is therefore strongly recommended that independent financial advice is sought in order that you may consider your options fully.

How Do I Proceed?

An independent adviser would want to conduct a financial review with you and therefore it would be necessary to complete some questionnaire forms and for the adviser to contact your pension company. You will be kept fully informed throughout the process and timescales are generally dependent upon the efficiency of the holding pension company. Therefore do not view this as a quick source of funding.

Wrightway Financial Consultants will offer you specialist advice in this area in order to make a fully informed choice. Our qualified advisers will ensure any decision that is taken is as the result of having the full facts and comprehensive review. Why not contact us today  or let us call you back.