Transfer My Pension

One of the challenges we face as Fee Based Planners and Wealth Managers is how do doctors and dentists get to know about Graeme and Ray and the job we do?

After all, we know (and our existing clients tell us), that we are providing our clients with exactly the kind of service they want, and they love the way we work for them and not the product provider.

But of course how would a dentist in Yorkshire or a doctor in Surrey get to know this? One method that has seen success is that we are prominent in the major search … Continue Reading

Qualifying Recognised Overseas Pension Schemes (QROPS) Transferring to a QROPS may result in the loss of certain protected rights, including contracted-out rights. It is advisable that the member commissions a pension transfer analysis from a suitably qualified professional advisor before transferring any pension provisions from the UK. If an expatriate returns to the UK, the UK pension legislation will apply to the scheme. This means that the member will have incurred the expense of the transfer with no associated benefits. Transfer to a QROPS should therefore only be recommended to those whom have left the UK permanently. HMRC … Continue Reading

When the investment in your personal pension plan reaches maturity when you retire, you will need to transfer its accumulated value into a regular income for the remainder of your retirement. This is achieved through the purchase of a pension annuity – a seemingly simple and straight forward transaction that exchanges the final value of the pension fund into which you have been paying into a regular income.
Whilst the principle of a pension annuity is seemingly very straight forward, however, things are rarely quite as simple as they seem.
The first and probably most critical aspect of buying a pension annuity … Continue Reading

One of the reasons for searching out the services of an independent financial adviser is that pension matters are awash with esoteric terms, labels and descriptions. The self-invested pension – or Self-invested Personal Pension (Sipp) as you’ll often see it called – is a good case in point. The underlying principle is relatively straight forward and attractive, but to make the most of the opportunities it represents, it really is essential to take expert advice especially if you are considering transferring to a self-invested pension from an existing pension scheme.
What it is?
A self-invested pension shares the same basic features as … Continue Reading

Despite the quite considerable contributions individuals are likely to be making to them and the accumulated value they are likely to have, it is surprising how few people keep an eye on how their pension fund investments are doing. The contributions are made on the same monthly basis, come what may, regardless of the investment’s comparative performance. It seems that many people give no thought to the possibility of pension transfers and whether such a move would make sense for them.
Whether a pension transfer is something you should be considering, of course, will depend on the performance of your current … Continue Reading

A brief scan of the financial pages of the national press might give you some idea of the number of employers these days why are eager to switch their employees from final salary pension schemes into other, personal pension, plans. Many employers are so keen to encourage such a switch that they are offering a lump sum cash inducement for those who elect to transfer their pension rights in this way. Despite such an apparently attractive inducement, however, where can the employee get pension transfer advice that he or she can feel secure in knowing the transfer is in their … Continue Reading