Pension Advisory Service

Free Retirement Planning Assessment

Heritage Financial Solutions Ltd offers a free initial pension advisory service for anyone who is concerned about retirement planning. Heritage are experts in pension planning and can help you calculate when and how you can retire. Whether your pension pot is £25,000 or £750,000 we can apply our experience and expertise to create a tailored retirement plan for you.

Our Pension Advisory Service includes:

  • Pension Calculator and Forecaster
  • Workplace pensions advice including Auto Enrolment and in many cases how NEST works
  • State Pension provision
  • State Pension Age
  • Data Collection of your existing provision

All of the above elements are designed to pool your existing provision together so we can help identify any gaps in your provision and provide you with a realistic snapshot of where you are now, and where you want to be at retirement. To benefit from this service, contact us today.

 

Changes in the taxation of Pensions

Changes in the taxation of Pensions

Current Rules Proposed Rules
Death before age 75, from funds that have not been accessed
Tax-free lump sum Tax-free lump sum
Taxable pension income Tax-free pensions income
Death before age 75, from funds that are in drawdown
Lump sums taxed at 55% Tax-free lump sum
Taxable pension income Tax-free pensions income
Death after age 75
Lump sums taxed at 55% Lump sums taxed at 45%*
Taxable pension income Taxable pension income

 

*proposed to change to the marginal rate of income tax from 2016/17

12