The Clock is Ticking

The government pension reforms that came into effect from April 2015 mean a number of changes to the way in which individuals can access and use their pension savings.

If you are considering retirement there is a lot to think about; along with more choice and flexibility, there are other implications such as what tax you might pay, and making sure your money doesn’t run out in retirement.

It’s important that you understand these changes fully; you could miss out on thousands of pounds if you arrange your pension affairs incorrectly.

For more information on the options you have in retirement, please contact your usual Partner.

Have you considered the following?

  • Will the beneficiaries of your pension pay too much tax on your death?
  • Do your existing pensions cater for the new death benefit rules?
  • Are your wishes on your death properly documented?
  • Will the pension funds go to the nominated beneficiaries?
  • Should you be obtaining protection on your pensions to avoid excessive tax charges?
  • Are you aware of the reduction in available pension contributions from next April?
  • There is currently a window of opportunity on pension contributions.
  • Do you know the maximum pension contributions that you are able to make before the 5th April 2016? Are you aware that death in service can push your pension over the lifetime pension allowance?

All views are the authors own and do not represent those of SG Financial Services Limited.

For more information please contact SG Financial Services Tel: 020 7447 9000 Email:

DISCLAIMER: Any forecasts, figures, opinions or investment techniques and strategies set out, unless otherwise stated, are Vintage Asset Management’s own. They are considered to be accurate at the time of writing, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted. They may be subject to change without reference or notification to you. The views contained herein are not to be taken as an advice or recommendation to buy or sell any investment and the material should not be relied upon as containing sufficient information to support an investment decision. It should be noted that the value of investments and the income from them may fluctuate and investors may not get back the full amount invested.

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