Specialist pension planning and advice

It’s a fact of life that saving for retirement is something that most of us put off for as long as we can. However the sooner you start paying into a pension, the higher your income in retirement is likely to be. If you are working, you're usually building up the right to a basic State Pension, and possibly an additional State pension, but these may not be enough to give you the standard of living you want in retirement.

And as we all live longer and longer lives, the need for a good personal pension becomes increasingly important. A personal pension is simply a way of saving money for your future retirement. Pensions have one very important advantage over simply putting your money into a personal bank account. Pensions are incentivised by the taxman, who adds to your pension every time you pay money in.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Every £80 that you pay in is topped up to £100, giving your savings a boost of 25 per cent. Higher rate taxpayers can get even more. Plus, on top of the tax relief you receive each time you pay into your pension, the money you've saved grows virtually tax-free over the years. Although it is worth bearing in mind that future governments may increase or decrease the amount of tax relief you get.

Pension planning is a complex subject and it’s a good idea to get professional advice from a pensions specialist before making one of the biggest financial decisions of your life.

At Jackson Toms we realise that every person’s circumstances are different and that’s why we spend time with our clients to ensure that the advice we give is based on your particular personal financial circumstances and needs.

Jackson Toms provides pension planning advice throughout Northamptonshire and Leicestershire and provides expert pensions advice to a wide range of clients. To find out more about the services that we offer call Richard Jackson on 01536 526088.

"Every person’s circumstances are different and that’s why we spend time with our clients to ensure that the advice we give is based on your particular personal financial circumstances and needs."