2

To consolidate or not to consolidate? That is your pension question.

To consolidate or not to consolidate? That is your pension question. 

For some years now, it has been increasingly rare for people to spend their working lives with just one employer. People tend to move company and make career changes and women often take time out to have, and look, after children. 

Continue reading

Timing is everything when planning for retirement

Timing is everything when planning for retirement 

“In this world nothing can be said to be certain, except death and taxes.’’

Benjamin Franklin wrote that more than 200 years ago, perhaps when he was thinking about his pension.

For death and taxes are two certainties that have to be borne in mind when planning for retirement. We go into detail on taxes elsewhere, explaining the importance of the reliefs available in phased drawdown and of making full use of personal income tax allowances. But, here we’ll explore the subject of timing and the importance of deciding how long your pension pot will realistically need to last and at what point the levels of income you need will start to taper off.

Continue reading

Why The Budget Really Matters To You

Why the Budget really matters to you

Accountants find Budgets interesting, but others may not. Life’s too short to pore over the Chancellor of the Exchequer’s latest conjuring tricks. You learn, over the years, to suspect that any rabbit he pulls out of his hat will later turn out to have myxomatosis.

However, if you can put your natural aversion to one side for a moment, there are four areas in last month’s Budget that do have potentially important implications for you and your pension planning and are worth a closer look.

Continue reading

Let Reeves Make Retirement Your Christmas Gift!

Let Reeves Make Retirement Your Christmas Gift

Mason Evans came to us and he received a pleasant surprise.

Aged 57 and with a pension pot worth £150,000, he wasn’t expecting to be able to retire for another few years.

However, when we reviewed his financial circumstances, we were able to uncover some exciting possibilities for Mason.

He owns a large house worth some £500,000 and, when we introduced him to the concept of equity release, it became evident that he could retire much earlier than he’d anticipated – next year in fact.

Continue reading