clientcare@treybridge.co.uk 
Here at TreyBridge Accountants, we go beyond the usual accountancy services of bookkeeping, payroll, tax management and payroll. As experienced and friendly financial advisors, we can also help you with all kinds of personal wealth management. 

Pension planning 

Thanks to our versatile and proactive approach, many of our clients have started coming to us for pension planning. This involves us sitting down with you over a cuppa (either in person or via video call) to discuss how you envisage your retirement years. 
 
Perhaps you simply want to have enough saved up to live a quiet and comfortable life, or maybe you plan to travel the world, buy a second home or gift large sums of money to friends and family. Whatever the case, we’re here to help you make it happen. 

Saving for retirement 

Pensions are a very popular way to save for retirement, as they’re a tax-efficient method of gradually building your nest egg for when the time comes. There are different types of pensions available, which fall into three main categories: 
State pension: You will receive weekly pension payments from the government once you reach the state retirement age (currently 66 years old). The amount you receive is dependent on your National Insurance contributions, so make sure you’re paying enough NI each month. (If you need help checking this, we can help.) 
Workplace pension: This is a pension that you pay into directly from your monthly income. It’s usually a case of making monthly contributions and your employer will pay into it too. The amount your employer will contribute is entirely down to them and even a small percentage can still make a big difference over time. 
Private pension or personal pension: Many people also set up a separate pension that they manage entirely by themselves. There are three types in the form of a standard private pension, a stakeholder pension and a self-invested personal pension (SIPP). It can be difficult deciding which to go for, so make sure to ask us for expert advice that’s tailored to your income, cash flow and long-term goals. 

It’s never too early (or late) to start saving 

Whether you’ve just entered the world of employment or only have a few years left until you retire, we’re here to offer expert advice that will enable you to invest and save in a more effective and tax-efficient way. 

Can I lose money through a pension? 

It’s our duty to give you a clear idea of how any kind of investment works, so yes, there is a chance of you getting less from your pension than you put in. This is because many pensions are invested in stocks and shares, which can go down as well as up in terms of value. 
 
Whilst the risk isn’t major, it’s still worth bearing in mind that the end amount may be a little smaller than expected. Alternatively, your pension could perform well and be exactly what you had in mind, especially if your employer or the government has contributed to it significantly. 

Switching pension providers 

You don’t have to remain with the same pension provider forever. In fact, many people regularly review their pensions to check the performance and see if another provider offers a better interest rate or attractive incentives for switching. There’s also the opportunity to amalgamate multiple pensions from previous employers into a single pot. 
 
If you’re interested in a pension review or already know which pension provider you’d like to switch to, get in touch with our financial advisors today. 

Ask us about pension planning 

Whatever you have in store for your retirement years, we’ll help you to make it happen. For more information, call our Yorkshire office on 01482 235575, our London office on 0207 885 0605, or fill in the contact form below. 
 
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