Personal Pensions Return to all services

Dupree Wealth Planning can advise on all aspects of retirement planning and the options available for taking your retirement benefits.

Having trouble keeping track of your various pensions?

If you have a number of personal pensions you may benefit from a pension review. We can review each of your pensions to see whether any changes should be made. Consolidation can seem an attractive option because it leaves only one pension to monitor, but before consolidation takes place it is important to weigh up the advantages and disadvantages of such a move. Fund charges can be a key consideration. Sometimes once you stop being an active member of a scheme these can rise eating into the value of your fund.

If you are unsure about the funds you are invested in, the charges you are paying or how much income in retirement your pensions might give you, a review of your schemes will help to put you back in control.

Taking Retirement Benefits

It’s a big decision deciding how to take your retirement benefits. The “simple” annuity option still involves a number of decisions being made, such as whether to include an escalating income or a guarantee. For those interested in drawing lump sums or a regular income, careful planning is needed to make sure your pension fund will sustain you throughout your retirement.

Our independent financial advice service explains all of the options available and will provide you with recommendations that suit your needs. Where phased retirement or income drawdown is used, we can also provide regular reviews to help keep your income in retirement plans on track.

Self-Invested Pension Scheme (SIPP)

If you are interested in investing in a commercial property a SIPP could be for you. SIPPs allow direct investment into non-residential property. They also allow for co-ownership of a property. This gives business owners the option of buying premises together through their individual SIPPS, which their business can then lease from them. It is important to note that the lease must be on commercial terms.

With a SIPP each member retains full control of their pension. They can invest their funds which are not invested in the property how they wish. As well as allowing direct holdings in non-residential property, it is possible to hold other investments not permissible with a standard personal pension, such as direct holdings in shares and gold grade bullion.

If you would like to use our service to arrange protection for your business or would like more information about the service we provide, please get in touch.

You can do this by using our contact form, emailing enquiries@dupreefs.com or calling us on 01453 852 900.

A PENSION IS A LONG TERM INVESTMENT, THE FUND VALUE MAY FLUCTUATE AND CAN GO DOWN. YOUR EVENTUAL INCOME MAY DEPEND UPON THE SIZE OF THE FUND AT RETIREMENT, FUTURE INTEREST RATES AND TAX LEGISLATION.
INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM TAXATION, ARE SUBJECT TO CHANGE.
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