Retirement Planning

Retirement planning is about much more than simply having a pension. In fact it is quite common now for clients to have a retirement plan which does not have a 'pension' as part of it. At Thomson Shepherd, we take a broader view of our clients' circumstances. In some cases, investing in a pension can be simply inappropriate.

The key is for you to have a clear objective in mind. We then look to build a plan that can meet your objective. Cash flow modelling software can be used to develop a range of scenarios taking into account assumed investment returns from a range of sources.

Where pensions are found to be appropriate as part of your plan then we have specialists available to guide you through the complex rules, regulations and administration that surrounds them. A pension is, at its most basic level, just a set of tax reliefs which allow you to invest out of gross income rather than net. For higher rate tax payers especially, the benefits can be very attractive.

We find that in most cases where clients who are dissatisfied with their pension arrangements approach us for advice, that it is not the pension which is poor, it is the way in which monies have been invested in the pension. The rules regarding the investment of monies held in a pension are now extremely flexible. It is possible to hold anything from cash savings to investment funds and individual company shares to farm sheds and offices in a pension.

We would be delighted to review your current provision and provide you with a second opinion.

TSL is well equipped to offer sophisticated advice in the most complex of pensions situations normally associated with Self Invested Personal Pensions (SIPP) and Small Self Administered Schemes (SSAS) and commercial property purchase.