Previous Pension Advice

The question is, what option did you choose?

Have you got a pension from an old job?

When you leave previous employment, it is important to understand what happened to your pension and whether the option you chose was the best one available.

There are pros and cons to each option but it is important to fully understand these options in detail to make an informed decision.

Early access options and the tax implications on both your pension on retirement and on death should all be considered from all options before any decision is made.

If you are unsure what options you chose when you left your previous employment or didn’t make a decision for whatever reason, your pension is probably still in your ex-employer’s company pension scheme.

If you would like clarification or more information on the options still available to you (even if you have already transferred your pension), you can always book a free call with one of our highly experienced and qualified pension specialists and they would be happy to answer any of your queries.

All our Certified Financial Planners, Qualified Financial Advisors and Tax Advisors have vast experience in all Pensions-related queries and advice.

Below is a list of the main pension-related queries we help our clients with:

Requesting transfer values from previous employers
Tracing and locating old pensions
Advising on the most tax-efficient option available in relation to pension transfers
Early access options
How to maximise your tax-free lump sums receivable
Receiving pension income post retirement and taxes payable
Death benefit analysis, pre and post retirement
Future cashflow analysis in a report format to help clients understand their financial future with each pension transfer option
Assist in choosing the best pension provider for any pension transfer in relation to Fees and charges
The best investment fund performance
The customer service support
Choosing the best investment strategy that suits your requirements
Ongoing Management of client’s pensions, pre and post retirement

Types of pensions and the options available

Below is a more detailed analysis of Occupation/company pensions and the options available to you in relation to any previous pensions.

In general, there are two specific types of Occupational/company pensions:

Defined Benefit Pensions
Defined Contribution Pensions

On occasions, some pensions are a part Defined Benefit and part Defined Contribution (hybrid pension).

It is very important to understand what type of pension you have as the options differ slightly for each type.

      
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