Occupational Pensions
Advice on Occupational Pension Schemes…
An occupational pension is also known as a company pension, works or superannuation pension. It is run by an employer on behalf of employees, with a group of trustees overseeing the fund rather than the employer themselves. The employer will normally make significant contributions to the plan and it is now becoming more common for employees to also be required to contribute to the scheme.
Occupational pensions can be offered in two forms; final salary and money purchase.
- Final salary offer a percentage of an employee’s final salary upon retirement, based on the number of years service with the employer.
- Money purchase pensions function in a similar form to many private pensions, where money is built up through defined contributions over a number of years. Retirement income for money purchase pensions is based on factors such as the contributions paid in, how well the investment fund performs and what annuity rate is applied to the fund upon retirement.
Our Pension Service* provides:-
- Impartial quotes & advice on your occupational 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 find the most suitable type of pension for you.
- 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