Pensions Management Institute (PMI)’s Post

[Capital at risk] With people changing jobs and moving houses more frequently, losing track of your pensions is more common than you may think. Studies have shown that only 1 in 25 people instinctively think to tell their pension provider that they have moved home. In contrast, around 89% notify their GP or dentist.* With almost three million pots not currently matched to their owner, it’s never been more crucial to keep your retirement plans on track. Our Find, Check & Transfer service will give you the peace of mind that your retirement goals are taken care of. We will locate any lost pensions, check them for benefits or penalties and combine them into one manageable pot matched to your needs and goals. Learn more here: https://lnkd.in/dw87TQXs *Pension Policy Insititute (PPI), 2022. Tax treatment depends on your individual circumstances and may be subject to change in the future. #pension #retirementplanning #investments #wealthmanagement #financialservices #moneyfarm

It's never too early... Your retirement may seem like a long way off, but it is never too early to start planning. Smart planning for your retirement will ensure that when you do retire you can maintain the standard of living you have become used to. And even if you do get the full State Pension, at €230 per week currently, it’s designed to cover the basic necessities of life only and will be a sharp drop from your annual salary. Bearing this in mind you will need a plan to supplement the State Pension payment. There are several options available to you. If you are an executive at a company or are considered a key employee, your employer may set up an Executive Pension for you. Download our Guide to Executive Pensions here: https://bit.ly/3QAwcYe #retirement #wealth #financialplanning #investments #financialadvisor #help #finance #personalfinance #insurance #wealthmanagement Part of the FPGroup (FPG)

It's never too early... Your retirement may seem like a long way off, but it is never too early to start planning. Smart planning for your retirement will ensure that when you do retire you can maintain the standard of living you have become used to. And even if you do get the full State Pension, at €230 per week currently, it’s designed to cover the basic necessities of life only and will be a sharp drop from your annual salary. Bearing this in mind you will need a plan to supplement the State Pension payment. There are several options available to you. If you are an executive at a company or are considered a key employee, your employer may set up an Executive Pension for you. Download our Guide to Executive Pensions here: https://bit.ly/3QAwcYe #retirement #wealth #financialplanning #investments #financialadvisor #help #finance #personalfinance #insurance #wealthmanagement Part of the FPGroup (FPG)

Mastering your pension planning is crucial for a secure financial future. Here's a concise five-step guide to your retirement success: 1️⃣ Assess Your Pensions Understand the value of your pensions and their income potential to sustain you throughout retirement. 2️⃣ Create a Comprehensive Budget Utilise budgeting tools to calculate your income, expenses, and bills. 3️⃣ Strategise Your Income Generation For defined contribution pensions, explore options like annuities or income drawdown plans to generate a steady retirement income. 4️⃣ Optimise Tax Efficiency Avoid unnecessary tax burdens by navigating potential pitfalls. We guide you to ensure your hard-earned savings don't incur avoidable tax liabilities. 5️⃣ Seek Professional Advice Consider consulting our financial advisers for personalised assistance. From maximising income options to efficient tax planning and inheritance strategies, we're here to help. Your pension journey starts here. Contact Kingsley Wealth Management for expert advice. 👉 https://lnkd.in/ekakZaze #kingsleywealthmanagement #financialplanning #investing #ethical #cashflow #pensions #mortgages #protection #livefortodayplanfortomorrow #pensionplanning

Ever wondered how to make your money work for you in retirement? Here are key strategies to boost your retirement income: 1️⃣ Smart Investment Moves Diversify your portfolio for long-term growth and stability. 2️⃣ Tax-Efficient Withdrawals Explore tax-saving strategies when tapping into your retirement accounts. 3️⃣ Healthcare Planning Factor in potential healthcare costs and explore insurance options. 4️⃣ Working with Financial Advisers Collaborate with experts like Kingsley Wealth Management for personalised strategies. 5️⃣ Regular Financial Checkups Keep your retirement plan dynamic; review and adjust as needed. Ready to make your retirement dreams a reality? 💼 Contact us for expert guidance and tailored solutions 👉 https://lnkd.in/ekakZaze #kingsleywealthmanagement #financialplanning #investing #ethical #cashflow #pensions #mortgages #protection #livefortodayplanfortomorrow #financialplanning

Unlock Tax-Efficiency in 2023  Did you know the government supports long-term saving by giving tax relief on pension contributions? This year, you can put away up to £60,000 in your pension before taxes kick in.   Make the most of this generous allowance and ramp up your retirement nest egg; consistent saving now could boost your future financial freedom. Our team can advise you on making additional contributions to maximise that tax relief, and consider your overall financial picture to recommend smart pension planning strategies. Get in touch for a personalised consultation about harnessing pensions for growth potential in 2024 and beyond; let’s craft an optimised savings approach to serve your life goals.  The time to invest in your future is now! *With investing your capital is at risk. Past performance may not be indicative of future results. #financialplanning #moneymatters #saving #responsibleinvesting #wealthmanagers #investments #hitchin #hitchinbusiness #hertfordshire #raymondjames #womeninbusiness #investors #womeninvestors #pensions #isa #retirementplan #lifewellplanned #CapitalAtRisk

Planning your retirement is a huge advice point and can be complex. Let’s take a look at the potential income sources in retirement: 🏙 State Pension: Reliable government payments starting at age 66, rising to age 67 from 2026 🖥 Workplace Pensions: Defined benefit and defined contribution plans offering various withdrawal options from age 55. 👩 Personal Pensions: SIPPs and stakeholder pensions with flexible access from age 55. 💰 Savings & Investments: Cash savings, ISAs, stocks and bonds can be used to provide a regular ‘income’’ 🏡 Property: Rental Income, downsizing and lifetime mortgages to release home equity. 📨 Annuities: Secure a steady income for life. ✏️ Part-Time Work: Keep earning with flexible work or business ventures. 💼 Business Exit: Selling or drawing down business assets There are many different assets which can provide the means to retire and some clients will have some or all of these to take into account. Advice is extremely valuable in making a plan and considering the tax implications and how long the money will last, as well as the impact to inheritance. #RetirementPlanning #FinancialWellbeing #UKRetirement #PensionAdvice #FinancialSecurity

🪴🪴🪴🪴POTS OF MONEY you might have forgotten about!! You’re not alone! With career shifts and job changes, many of us accumulate several pension plans over time. While it’s great to have these savings, managing them can be a bit tricky. Here are a few tips to get on top of things: 1️⃣ Locate All Your Pots: 🕵️♂️ Use the government’s pension tracing service if you’re unsure where all your pensions are. You can also reach out to me and I can assist you with tracking them down. 2️⃣ Consider Consolidation: 🧩 Combining pensions into one pot can make things simpler and could save on fees—but always check if you might lose any valuable benefits first. 3️⃣ Regularly Review: 🔍 Keep an eye on how your pensions are performing and ensure they align with your retirement goals. This is what I do for my clients on a regular basis. Is someone regularly in touch with you updating you on how your plan is performing against your goals? 4️⃣ Get Expert Advice: 📊 This is where I come in. We will work together to compare your current arrangements and talk through the best advice going forward. I will tailor a custom plan around your goals that we will review annually to make sure things are on track. Your pensions are the key to your financial freedom. The earlier you get to your magic number, the earlier you can reduce work or retire earlier— TAKE ACTION TODAY AND DON'T LEAVE THINGS TO CHANCE 🚀 #Pensions #RetirementPlanning #FinancialWellbeing #FutureYou

Ladies, if you do one thing today, think about your retirement. Sounds boring I know, but when you read this you'll see why!📝 According to figures from The Pension and Lifetime Savings Association (PLSA) the average female retires with a pension fund of £69,000 compared to the average male with £209,000. 😲 The PLSA estimates £31,000 per year is needed in pension income to fund a moderate retirement for a single person. Are you on track❓ So please speak to your financial advisor and start thinking about how you're going to fund your retirement, no matter how much or how little you can contribute! A good IFA will make the technical simple and create a plan that works for you. And if you're anything like me, then simple's good! 👍 If you don't have a financial advisor message me and I'll be happy to share the details of the ones I work with and would recommend speaking to. #womensfinance #pensions #IFA #laterlifelending #equityrelease

Pensions are a tax-efficient way to save for later life which is why they remain a solid part of many retirement plans. Tax benefits of your pension include: 1️⃣ Tax Relief: When you contribute to your pension, the government boosts your savings by adding tax relief on top! It's like free money, folks! 🎁 2️⃣ Tax-Free Growth: Within your pension, your money can grow without being heavily taxed. More growth = more cash to enjoy when you retire! 📈 3️⃣ Tax-Free Cash: Once you reach retirement age, you can withdraw up to 25% of your pension as a tax-free lump sum! 🎉 Let's face it: we all want a comfortable retirement, right? By harnessing the power of pensions, we can make sure your future is bright, secure, and stress-free. We can help guide you through the process, customise your pension plan, and help you make the most of those tax-efficient savings. #Pensions #TaxEfficiency #RetirementPlanning #FinancialAdvisor #SecureYourFuture