Pensions

New rules introduced in April 2015 mean that once you’re aged 55 or over, you can use your pension pot in any way you wish. Often with more freedom comes more choice and more utter confusion! At My Finance Friend we can explain what this means to you and help decide on what to do with your pot to make sure it works for you when the time is right. We offer a no obligation, FREE consultation to talk through what you are looking for and help you understand more about the minefield of pension options out there.

We’ve got friends in the right places so all we’ll do is help you find the best adviser for you. They’ll ask you a few questions about your finances, personal circumstances, your retirement dreams and how you feel about taking risks with your money. This will help them build up a picture on the right retirement income products for you. There are so many tricky questions you might need help with – can you afford to retire? Should you bring your pension pots together? How much will your State Pension be? We can help answer these questions as well as offer advice on how you may be able to build up a nest-egg tax-efficiently, boost your pension provision, protect your family’s income or pass on your wealth to your loved ones in a tax-efficient way.

If you would prefer to gen up on what’s happening in the exciting world of pensions before our chat, everyone in the UK is now entitled to a free pension guidance session with Pension Wise. This is a free and impartial Government service that helps you understand the right things to think about when considering your options. Once you’ve done your research and understand your options, it’s really important to shop around to get the very best deal for you before you make a decision.