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Lump Sum Recycling

Lump Sum Recycling As most of you will be aware, new rules come in to play in April 2015 in relation to the annual allowance in retirement brought in under the pension freedoms scheme. There are fears though that people may look to recycle pension cash back into their pension…

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Living the dream, requires planning

Living the dream, requires planning We all dream of the time when our working life is behind us, a happy retirement, playing golf, holidaying, looking after grand children but planning for this time in your life is essential. Without careful consideration, this dream lifestyle could be a long way off realisation….

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Switching Pension Schemes

Following the “Pensions Freedoms” An announcement in the budget a number of things have happened, some good, some bad …. But one of the biggest ‘shifts’ comes in relation to the switching of pensions from ‘Defined Benefit’ pensions to ‘Defined Contribution’ pensions. It is believed that the shift is up…

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Planning your Retirement - Pension Drawdown, Pension Annuity, Investment support and advice

The Pension Advisory Service

The Pension Advisory Service Recent changes to the advisory roles in relation to pension advice on behalf of the government have meant the Money Advice Service has been replaced with two other departments. Working together, The Pension Advisory Service and Citizens Advice will assist in creating a solution that is deemed to…

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Stock Market falls – Impact on your pension

Stock Market falls – Impact on your pension It may or may not have escaped your attention that world stock markets have been in free fall this week. For some time we have been warning clients who are in equity based funds close to their retirement to strongly consider de-risking…

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More Pensions freedom set out by the Treasury

More Pensions freedom set out by the Treasury The Civil Servants at the Treasury are certainly busy, and another announcement is today being picked up by the press and wider media. Again this is dogged with errors and conjecture as is usually the case, and the story being peddled today,…

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Access your pension the way that suits you

Access your pension the way that suits you Whilst the government continues to focus on the important factor that people should have to access their pension in a way which is best for them, it will continue to allow transfers from private sector defined benefit to defined contribution schemes, excluding…

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Expert help in pension annuity options

If you are looking and considering the best way forward for your pension and require expert independent financial advice then Burfield Financial Planning services can offer you service and support on your next move towards retirement. Step One Simply pick up the phone and call our independent financial specialists. We are…

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Pension freedom – the potential pitfall

Pension freedom – the potential Pitfall Millions of pension savers will be prevented from taking cash freely from their retirement funds next April unless they pay hefty penalties that could slash their pots by more than 20%, according to reports. The government has decided not to force schemes to offer…

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Pension Freedoms

Pension Freedoms Your pension could soon be as interactive as your bank account. This is how pension freedoms could work, you’ll be able to withdrawal any sum of money from your pension whenever you like, and only be subject to tax….. Theoretically It may not be the simple though, especially…

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