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tax efficient future

Pensions

Retire Confidently

Planning for retirement is one of the most important financial decisions that we will make during our working life. It is likely that we will have to rely on our pension income for 20 to 30 years and therefore making sure that we plan effectively for our retirement and make sure there is enough money in the pension pot to pay for a comfortable retirement is essential. The sooner you start, the better it is for you!

The choice of pension that you take out is important. Carrington can guide you through that choice, advise you on what is most appropriate for you and set the plan up with the correct investments.

As well setting up new schemes Carrington can advise on and manage your existing and old pension plans, quite often consolidating them into one place where they are easier to manage and where there will be lower charges.

Pensions provide excellent tax relief on contributions. You will receive 20% tax relief at source on your contribution and if you are a high rate tax payer you will be able to claim up to 40% tax relief on each contribution. Furthermore as a Director of a Limited Company these contributions can be offset against your Corporation Tax liability.

Carrington can provide advice on:

• Personal Pensions
• Self Investment Personal Pensions
• SSAS (Small Self Administered Scheme)
• Executive Pension Plans

Once you reach retirement you will have to decide what to do with your pension, and how the pension income will be paid to you and we can provide advice on:

• Annuity Purchase
• Income Drawdown

We would be pleased to assist you, contact us for advice.