However much you like your job, there’ll probably come a point when you decide it’s time to stop.
One thing is certain - you will need more than just the state pension if you want to enjoy life to the
full when you retire – so it’s important to start planning for the future right now.
What is Retirement Planning?
As you go through life, you accumulate a range of valuable assets, including your home, savings and investments,
pensions and inheritances. Retirement Planning focuses on using these assets to generate the income you’ll need
to stop working or reduce your hours as you get older.
For many people, a pension is a key part of their retirement strategy. There are a number of options available,
from low-cost stakeholder pensions and self-invested personal pensions (SIPPs) to income drawdown and annuities.
Your choice of products will depend on whether you’re employed or self-employed, your attitude towards risk,
how you’d like your money to be invested and your tax rate.
Why you should consider it
Auto Enrolment is now underway. The government brought this in through an act of parliament in 2009 saying that all
UK employers will now have to set up and contribute into a personal pension on behalf of their employees.
2016-2017 will see companies who have 1 or more employees having to automatically enrol their staff. Every company has
a specific date when they will be obligated to comply with the government rules. This is called a “Staging date” and if you
have any members of staff then you should have already received a letter from the Department of Works and Pension (DWP)
informing you when your staging date is.
Moneywise specialises in helping small to medium businesses navigate the complicated and laborious rules and regulations
of Auto Enrolment.
We are also mindful that Auto Enrolment provides an additional financial burden on companies and we therefore make use
of some of the latest technology available to provide a compliant solution as efficiently and cost effectively as possible.
For more information or to book a meeting, please call us on 020 8552 5521 or e-mail us at firstname.lastname@example.org