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Understanding pensions and the options available is, most probably, something you don't have time for. But you don't need to become a pensions’ expert. Truestone can help you and they are happy to give you all the information you need whether that is to put money into an existing scheme or to start a new one.
Since 6th April 2006, better known as “A Day”, the rules and regulations surrounding UK Pensions have changed dramatically, for the good. The new rules allow most people to pay more into their pension schemes and on more flexible terms. There are now a variety of strategic and tactical options for saving in a pension that can dramatically enhance your financial wellbeing.
A snapshot of these changes
- There's now far more freedom of choice and flexibility when it comes to planning for the future
- You can take your pension benefits at any time from age 55 (age 50 before April 2010). You do not have to retire
- This includes the right to take a tax free cash lump sum of up to 25% of your fund at retirement
- There’s a broader range of options when you come to take your benefits
- And you can now put more money each year into your pension fund and receive the tax benefits on that amount
- There is a lifetime limit to the size of the pension fund you can save without have to pay extra tax on it
Find out how to use this new legislation to your advantage and call John Breen on:
0845 362 8425
or email john.breen@truestone.co.uk |
