Your advice options
Confused about your pension & retirement options?
When you just need someone to help you plan the future. We’re your local pension advice and retirement planning specialists.Show me how
What does your advice look like?
Whether you just need someone to explain it all clearly, help you understand your options or simply make the most of your money, we’re here to help you get what you need.
With trained experts who won’t do the jargon thing and are great at explaining the advantages and disadvantages of any decision, we’ll make sure your money’s in the right place and working hard for you.
And, as one of the few Pension Transfer specialists in the area, you’re in great hands.
What can we help you with?
Simply choose the button that best suits the outcome you want.
Our unique Plan Happy process is all about uncovering what keeps you awake at night and what your hopes are for the future. Then we use 'the money bit' to work out how you get there.
You’ll start by chatting about your concerns, circumstances and what you’re trying to achieve. We’ll move on to show you how to put your financial plans into action with full advice and recommendations before we do all the hard work for you.
Next, you’ll let us know how you want your money dealt with when you’re no longer able and we’ll show you how to protect yourself and your assets.
Finally, we’ll be there to guide you and make sure everything stays on track, even if things change.
So, what are you waiting for?
Find out how Plan Happy could help you get the retirement lifestyle you really want.
We’ve Got the Pension Transfer Gold Standard
Set up by the Pension Advice Taskforce, we’ve been awarded the Gold Standard, which helps you recognise good practice, ethical and professional standards when looking for pension transfer advice.
As Gold Standard holders, we’re committed to helping you clearly understand whether transferring your Defined Benefit (Final Salary) pension is right for you.
What’s even better, the Gold Standard is accredited by the Financial Conduct Authority (the UK financial advice regulator) and the Personal Finance Society (the body for the UK financial advisory profession).
For more on the Gold Standard, download the Pension Advice Taskforce guides:
Download the short guide
Download the long guide
FAQs About My Pensions
What’s a pension?
In its simplest form it’s a Government backed tax incentive to encourage you to save towards your retirement. The main benefits include:
- Tax relief on your money as it goes into your pension
- The opportunity to grow your money tax-free while it’s in the pension
- The ability to take a percentage of the money tax-free when you draw the pension
The downside is you can’t access the money until you reach minimum pension age and there’s also rules about how much you can pay in during your lifetime.
However, it’s still one of the most attractive options for building a retirement pot.
What are the different types of pension?
There are three different types of pension, these include:
- Defined Benefit pensions or a final salary pension – These give a guaranteed future income and are mainly funded by employers
- Defined Contribution pensions – Most personal and workplace pensions fall into this category
- State pensions – Your entitlement is built through National Insurance Contributions
What’s a Defined Contribution Pension?
Most personal pensions, workplace pensions, stakeholder pensions and self-invested personal pensions (SIPPS) fall into this category. The difference is the amount you/your employer contributes and how that money’s invested.
The difference between this type and a Defined Benefit pension is there’s no guarantee of the future pension income you’ll get.
When you’ve finished saving into these types of pension you’ll need to choose what to do with it. There are two options:
- Purchase and Annuity
- Take it as Drawdown
Which you choose will depend on what you want and your circumstances.
What’s a State Pension?
This is the Government pension scheme. Everyone builds up their entitlement to a state pension through their National Insurance contributions from their salary.
The Government decides what ‘normal’ retirement age is and what weekly pension you get. This can often change with announcements made in the Budget.
It increases annually by whichever of the following is the highest:
- Earnings- the average percentage growth in wages in the UK
- Prices – the percentage of price growth as measured by the Consumer Prices Index (CPI)
Visit https://gov.uk/state-pension for more info on this