Benefits of our pension advice & retirement planning service

We seek to gain you tax relief on pension contributions of 20% immediately on investing money into these products. Therefore, for every £20,000 invested in this area, it would add £4,000 in tax relief to your investment (effectively free money). If you’re a higher rate taxpayer, this relief could double to £8,000.

For couples, we look to equalise pension contributions for both clients, so that 2 similar sized funds grow over the period leading up to retirement. This means that when it comes time to draw down on the pension for income, both tax free allowances can be utilised. I have just advised one specific couple on this strategy, with the overall financial plan projecting a combined income of £30,000 per annum from age 66, with only £2,000 of this likely to be payable in tax. That’s a tax rate of only 6.6% which won’t be a bad result considering one of them is currently paying 40% income tax on the top part of his salary. 

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Financial Resolutions Limited is authorised and regulated by the Financial Conduct Authority. Companies House ref; 06543778.
Our location and registered address is 1a High Street, Bovingdon, Hertfordshire, HP3 0HG