As with the Investment Proposition, our advice in suitably preparing you for your retirement will be unique and bespoke to you. However, the process for each client is generally the same and can be broken down into 5 key stages:

  1. Review Existing Plans - Our first job will be to track down and review each existing pension/investment you have. Considering most people change jobs at least 2-3 times in their career, it is not uncommon for us to track down and review several pensions for each client.
  2. Consolidate - Due to economies of scale and older pensions generally having a higher charging structure, consolidating numerous pensions into one could reduce the annual administration fees by up to 1.5% per annum. However, we are careful to consider each case individually, as there are occasions when it is appropriate to retain existing policies, and personalised advice is essential.
  3. Investment Portfolio -Once we have consolidated the pensions as appropriate, we would then establish a bespoke investment portfolio for you in accordance with our Investment Proposition.
  4. Contribute -Again in line with your overall situation, we would provide you with holistic advice including how much you should be contributing into your pensions/investments for maximum tax-efficiency.
  5. Review - Finally, would be to arrange annual review meetings to discuss the above retirement strategy and amend as is necessary on a year by year basis.

 

If you would like to discuss planning for your retirement, please contact us.

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We set up Simpson Wood (Financial Services) Limited to enhance the service we can provide to our clients. Our independent status means that we have access to virtually all financial products in the market place.

Close liaison with our tax department ensures that planning opportunities are maximised and coupled with the traditional values of the practice this puts us in the ideal position to provide the service and advice you deserve.

While always highly professional, Simpson Wood achieves a very personal service, which I have very much appreciated. The company has continued to modernise without losing any of the ethos of its traditions.

Simpson Wood successfully continues to offer first-class services in all respects. Over the years I have used all the services provided, so I speak with some authority when I say that these have always been excellent.

The team is approachable and only ever a phone call away, which is so important. I know that Simpson Wood is working with us, as well as for us. I have no hesitation in recommending Simpson Wood to anyone who needs an accountancy service.

Sara Battye

Director

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