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For many years, we have provided multi-faceted financial planning to suit an individual’s lifestyle and needs. Our advice ranges from complete financial overviews to specialist areas such as retirement options, inheritance tax planning and a complete Discretionary Investment Management service, structuring and actively managing portfolios.
Retirement planning and annuity purchase are a core part of our service, as is our Pension Review package. The new pension tax regime was introduced from 6 April 2006 and the intention behind the change was to achieve simplification by making all pensions subject to the same rules and regulations. It should be beneficial for everyone saving for retirement, because it gives savers far more control over their own pensions - in terms of how much money you can put in, where you invest the money and how and when you can take it out.
However, directors should plan carefully for the change – in respect of both their own pension arrangements, and the benefits made available to employees. In many cases specific actions will be needed to avoid the pitfalls of the new system and to take full advantage of the opportunities for tax-free saving.
Punter Southall’s IFA services are provided by Punter Southall Financial Management, our Independent Financial Advisory business. For more information, please see their website www.psfm.com
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