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Saving for Retirement

estate-planning

When it comes to providing for our retirement, too many people are doing too little, too late.

Putting away even a small sum early on can make a big difference to the lifestyle you will enjoy when you retire. The golden rule for most people is to not rely on the State alone.

Today there are a number of tax efficient ways of providing for a comfortable retirement. The area is complex and choosing the right vehicle requires a detailed understanding of your unique circumstances, tax status, employment status and more.

Call us now on 0116 253 5600 to speak to qualified adviser in confidence and with no obligation to discuss creating a strategy to meet your retirement goals.

Saving for retirement doesn’t necessarily mean locking your money away into a pension, although pensions do have significant tax advantages and investment flexibility, such as the ability to borrow and purchase investment property.  You may also wish to build an investment portfolio using ISA’s and collective investments such as OEIC’s, Unit Trusts and Investment Trusts.

Bankfield also has considerable experience in building property portfolios as a retirement fund for our clients.

In terms of pensions, Bankfield has qualified specialists to give advice on: Stakeholder pensions, Personal pensions, Group Personal pensions, Executive Personal Pensions, Employer / Workplace Schemes, Self Invested Personal Pensions (SIPP) and Small Self Administered Schemes (SSAS).

The portfolio of investments within your pension (or other retirement plans) will be created after analysing your risk profile. The key is to have regular reviews of your investment and to ensure that your portfolio continues to meet your risk profile over the years (as the level of risk you are willing to take may change – we certainly believe that as you get closer to your specified retirement age, you should move into safer assets).

The last recession has undoubtedly made people nervous about stocks and shares based investments. Bankfield strongly believes in capital preservation and where appropriate, uses plans that give exposure to the markets whilst providing a capital guarantee to protect against the downsides.

To speak to a qualified adviser now, please call us on
0116 253 5600 or complete the enquiry form.

The value of investments and income from them may go down. You may not get back the original amount invested. A pension is a long term investment, the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.