Expert pension advice to help people across the UK take control of their pensions to secure a comfortable retirement
Would you like help with planning your pension?
Paying into a pension can be a great way to save for retirement…
But are you making the most of yours?
Personal pension advice could help you:
- Understand how to use your pensions as income
- Make the most of the tax relief available on pensions
- Top up your pension as you can afford
- Find out more about the benefits your pension could provide in retirement
Our pension advice service
Some of the people who come to the Fair Investment site for information on pensions would like detailed, personal advice to review their pension plans.
We work with trusted independent pension advisers to provide a personal financial planning service for people using the Fair Investment site.
The pension advisers we work with experience in helping people plan for a stronger financial future.
- There’s no pressure to act on their advice, and no upfront fees to pay. You’ll have the time you need to decide if you want to act on their recommendations, and will only pay a fee if you do.
- You can speak to a pensions adviser without even leaving your home– you can use a video link service or you can also have an appointment over the phone or face to face.
- Free initial appointments and you’ll only be charged if you decide to proceed with the recommendations provided.
Have you got pension plans in place?
Did you know:
- You don’t pay income tax or capital gains tax on any growth in your pension fund.
- Basic-rate taxpayers receive an extra £20 for every £80 they contribute.
- Higher-rate and additional taxpayers can claim an extra 20% or 25% tax relief through self-assessment.
- If you can afford to, you can usually contribute up to 100% of your earnings (up to a maximum of £40,000 per year).
Making the most of your workplace pension
All employers in the UK have to offer a workplace pension scheme for their employees – and it can be a very effective way of saving money for your future retirement.
In most cases, for every contribution you make to your pension plan, your employer will make a contribution too (based on certain rules).
If you’re not sure how much you’re contributing, it’s worth checking with your employer to see if you can gain additional employer sponsored contributions if you can afford to. Even if it doesn’t seem like much, a bit extra can make a difference over time.
A Personal pension could give you more control over your pension planning with more freedom than a managed pension fund. It allows you to manage the assets in your pension fund, with a diverse mix of investment options, including funds, equities, bonds, and exchange traded funds.
You take responsibility for the investment decisions it is important that you are comfortable with taking these decisions and fully aware of the risk associated with particular investments before making a decision to invest.
What to do about a pension if you’re self-employed
We understand that if you are self employed your earnings maybe uneven and therefore you may have only thought about the here and now rather than the future. However, good pension advice could get you set up with a personal pension scheme that will suit your circumstances.
A pension is a long term investment and your capital is at risk. Your fund value will fluctuate and can go down. Your eventual income will depend on the size of your fund, interest rates and tax legislation.