Pensions. Our Investments Are Ideal For SIPPs

Can you afford to ignore the facts?

77% of Britons are retiring with their pensions providing an income of £2,000 or less per year - That's just £38.46 per week! MAIL ONLINE

Picture the day you finish working. You will finally have the freedom to do what you want, when you want. But will your private pension(s) provide you with enough? The shocking statistic is that 77% of Britons are retiring with their pensions providing an income of £2,000 per year or less! Making the most of your existing pensions has therefore never been so important.

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Pension annuity - do you have enough to retire?
An annuity converts a lump sum (like your pension fund) into a regular income that will be paid as long as you live. Take a look at what income you could expect from your annuity. Do you have enough in your fund?

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You can now benefit from one of our investments by adding it into your SIPP pension fund or by starting a new one. SIPP stands for “self-invested personal pension” and is designed to allow an individual to make his or her own investments into a personal pension pot.

SIPPs are popular because:

  • It is a simple structure
  • There are generous tax benefits
  • There is freedom of investment (but watch the rules)
  • It is now easier to make substantial contributions
  • Most people are eligible for one
  • It’s an ideal way to build wealth over the long term in a tax free environment

Any of the following pensions can be transferred into a SIPP:

  • Personal & stakeholder pensions
  • Other SIPPs
  • Protected rights pensions
  • Retirement Annuity Contracts (RACs)
  • Additional Voluntary Contribution Plans (AVCs)
  • Free Standing Additional Voluntary Contribution plans (FSAVCs)

Transferring your pension is a simple process

Release your frozen pension:
A lot of people have pensions from their past that for many reasons have been frozen. Traditionally these realise a very poor return but they can be restructured and put to much greater use in a SIPP.

Transfer your pension

  • If you don’t have an Independent Financial Adviser (IFA), we can recommend one for you who can advise you on your pension options.
  • The IFA will contact your current pension company with your authority and establish its value.
  • The IFA will then advise you of the best use of your pension funds.
  • Once you are happy with the advice and recommendations, your adviser will prepare the necessary forms for you to sign and complete the transfer.

Notes on Annuity table: The Annuity table is an example of typical annuity rates available, these are dependant on a number of variable factors. Should you require annuity rates bespoke to you, please contact your IFA. If you do not have an IFA, Ethical Forestry are happy to recommend one to you.