Pensions advice – Saving for the longest holiday of your life.
Black Lion Wealth offers expert pension advice to a wide range of private clients throughout the UK.
What would you like to do when you retire? Travel the world? Enjoy your garden? Learn a new skill? Perhaps all of them. And indeed, why not. You’ve earned it.
Whether you’re employed or self-employed, there are a raft of pension options out there. We will draw on our experience and expertise to offer you our very best pensions advice for your needs based on the information you give us.
We’re all living longer now. In theory, you could enjoy several decades of good health in your retirement. At least, we hope so. Our aim is to help you to look forward to your golden years with pleasure.
Black Lion Wealth – a different approach
We’re not pensions sales people. Just the opposite, in fact. We want you to recommend us to your friends and family for our friendly, professional approach, so we’re here to help.
The team here at Black Lion Wealth prefers educating and helping our clients as much as we can. Why? Because we’re all different, with exclusive needs and goals. Essentially, your ideal retirement is probably different from your neighbours, friends and anyone else you can think of. For this reason, we’ll take the time to build up a distinctive picture of what your ideal post-work lifestyle looks like. Have you thought about that? Don’t worry, we know what to ask.
With our advice, we aim to help you retire in the style you truly deserve.
And, it’s not complicated either.
Yes, this really is pensions advice.
Yes, you do need to start thinking about your pension right now.
Seems like an awfully long way away into the dim and distant future, doesn’t it? For many, the idea seems odd – inconceivable, even. Investing funds in a pension in your twenties or thirties may seem way too early. Pensions are for old people.
Well…no, not really. Trust us on this one.
Right now, life is rushing by at a million miles an hour. You will look back in a few years with astonishment at just how quickly the time has flown. Have you made provision for your retirement? In our opinion, without a well-structured plan, you may not be able to manage financially. Or, your lifestyle could be dramatically downgraded.
In summary, the State pension is simply not enough to live on for most people.
So, what actually is a pension?
In a nutshell, a pension scheme is a type of tax-efficient long-term savings plan that helps you to save money for later life.
The importance of a pension plan’s tax relief benefits cannot be underplayed. Perhaps too complex to address in detail here, with the right pension investment advice, you could make considerable savings against tax.
It goes without saying that there are several different type of pensions schemes on the market. Also, having additional plans doesn’t mean that you can’t save into another, or purchase an ISA. At this point, we should mention that it’s a good idea to consult the experts here at Black Lion Wealth.
Pensions are our Thing. They may not be yours.
Company pensions. A word on auto-enrolment
To give you a complete picture, in brief, if you are an employee, you are by law automatically included in your company pension scheme.
How does it work? Both you and your employer make contributions (the amount will depend on how much you earn), and you benefit from tax relief from the government on basic rate earnings as an additional deposit into your pension pot.
Of course, you can opt out, but the default option is to opt in.
However, it’s not good news for everyone. If you are self-employed or a director in a self-employed capacity, you won’t qualify for this. Here at Black Lion Wealth, we offer professional pensions to many busy people like you, so don’t hesitate to get in touch.
The value of Investments is not guaranteed and can fall as well as rise and you may not retain the amount you originally invested.
If you drawdown too much Income or your investments underperform, you run the risk of running out of funds.
Both Black Lion Insurance & Black Lion Wealth are Trading Styles of PRG Protect Ltd
An ever-expanding pension market. Pension freedom for all.
Over the last few years, the pensions market has been opened up like never before.
Arguably, the biggest and most impactful change is the arrival of something called pensions drawdown in 2015.
Simply defined, if you’re 55, subject to tax, your money is, well, yours. You can withdraw (or draw down) as much of your acquired pension pot as you like – all of it, even.
Also, you can also take smaller lump sums periodically, or withdraw up to 25% tax-free and use the rest to generate a regular taxable income.
Other changes have included easier, more flexible rules on the passing of pension wealth to beneficiaries on death,
As you can probably tell, because this freedom brings with it a degree of risk, it’s vitally important to seek pension drawdown advice. Arguably, it easy to make mistakes, so contact the team here at Black Lion Wealth for some expert, jargon-free advice.
What our clients are saying
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We are a dedicated team of financial advisers, with years of experience in guiding our clients to a solution that meets their specific needs. We specialise in helping both employed and self employed individuals, as well as business owners on a variety of solutions, which range from life insurance, income protection insurance, keyman insurance and shareholder protection insurance.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.