Capital Ideas is a trading style of Financial Horizons Ltd. Financial Horizons Ltd is an appointed representative of Burns-Anderson Ltd, 27 Great George St, Bristol BS1 5QT, which is authorised and regulated by the Financial Services Authority. Burns-Anderson Ltd is entered on the FSA register (www.fsa.gov.uk/register) under reference 126191. The information and content of this website is intended for UK consumers only and is subject to the UK regulatory regime. The FSA do not regulate some forms of mortgages or tax planning services.
Financial Horizons Ltd Registered Office 70 Victoria Road, Darlington, Co Durham DL1 5JG. Registered in England no. 07714109.
Independent
Financial
Advice
Site designed by gr8websites.co.uk
Personal pensions are a means of saving for your retirement. Features vary from company to company, as do prices.
Many companies now offer the ability to invest your pension fund with any of a wide range of external fund managers, allowing you to pick some of the best investment talent. This is often the main advantage over Stakeholder Pensions, where the range of investment funds is usually very limited.
When a company's own investment fund is used, the charging structure is often very similar to, and in some cases less, than the charges on Stakeholder pensions. There is usually an additional charge for using external fund managers.
No pension fund manager can always achieve the best performance. The availability of a wide range of external fund managers can help to ensure that there is no need to move your pension fund between companies in the future.
When you retire you are able to take 25% of the accumulated fund in cash, currently tax-free. The remainder of the fund must be used to create retirement income, which will be taxed as earned income.
When you take income from your pension you may need to decide whether to provide that all or part of it continues for a widow/widower or dependent child after your death, and whether to provide that the pension income will increase each year.
If you die before retiring, the fund can normally be inherited by those left behind.
Contact us for further advice on pension issues, and help in choosing a pension that is right for you.
For further information on general pension planning issues, see Pensions
Note: The value of certain of the investments available within pensions can fall as well as rise, and you are not guaranteed to get back the full amount that you invested. When past performance of an individual fund is used as part of the selection criteria you should note that past performance is not necessarily a guide to the future.