Final Salary Pensions
Final Salary Pension Advice…
A final salary pension scheme provides an income upon retirement that is, true to its name, based upon your final salary at the company. The proportion that it makes up of your final salary is usually dependent on how long you have worked for the company, as well as other factors included in the scheme rules.
As the risk of the scheme is on the employer and not the employee they provide a valuable benefit, but due to this investment risk which has seen many employer schemes since the late 1990s suffer due to difficult investment conditions, this type of scheme is becoming less commonplace. Many companies and pension funds are either concerned about or experiencing pension shortfalls, leading to the closing off of final salary pensions to new employees.
Our Pension Service* provides:-
- Impartial advice on your final salary pension options.
- Advice on transferring pensions and transfer analysis comparing existing scheme benefits with the new scheme
- Information & Advice on Self Invested Pension schemes
- Close to retirement? - Quotes & Advice on your Annuity Options - You could get up to 30% more income by choosing the right annuity provider for you. Information & Advice on other retirement income products.
- Assessment of your circumstances to help you find the most suitable type of pension.
- Helping you with the relevant paperwork to ensure that your pension is processed smoothly.
| Barclays Defined Returns Plan |  | Minimum Pension Investment £3,600 | |
| This capital protected plan has a choice of investment terms of 6 years offering a maximum return of 44%. Can be used for SIPP and SSAS pension investment. |
**Guaranteed gross income.
Disclaimer
Please bear in mind that:
- The above investment plans are designed as medium to long term investments.
- Past performance of the FTSE 100 should not be seen as an indication of future performance.
- The FTSE 100 Index measures only the capital value of the shares in the Index and no allowance is made for dividends paid by the companies in the Index.
- If you redeem a structured investment plan before the end of the term, you may get back less than the amount you originally invested. The value of the plan will be determined by the price at which the Investments can actually be sold on the relevant dealing date.
- The list of investment plans provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place will be transacted on an “execution only” basis.
- Full details of the funds, including investment performance statistics and risk profile will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
- The levels and bases of taxation and reliefs from taxation can change at any time and the value and availability of any tax reliefs depends on your individual circumstances. Any favourable tax treatment of SIPPs and SSASs may not be maintained in the future and is subject to changes in legislation.
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*Our pension service will put you in touch with a network of specialist independant financial advisers who can offer professional pension advice