Retirement planning
Retirement planning is much more than a pension, though they are still the most tax efficient way for most people to provide for their retirement.
The big question is - how much retirement income will you need ?
If I’m a business owner and want to sell my business to fund my retirement, how will I know what price to sell for ? Obviously as much as you can but if you don’t know what retirement income you want, then how do you know how much is enough ?
Kingsley Financial Planning have specialised software available that analyses charges, past performance and future projections.
It has been suggested that almost half the population are not saving enough for retirement and this is by and large due to three factors:-
- They can't afford it
- They don’t trust the government
- They don’t trust pension companies
Many changes have taken place over the last few years not least of which in April 2006, when various different tax regimes were abolished to help simplify pension legislation and introduce new lifetime and annual allowances.
We are able to help you navigate the pension planning rules.