Many of our clients have a pension that they no longer contribute to. They may have moved to a new job and left the old pension behind.
Bosworth Wealth Management has been providing friendly expertise on pension planning strategies, and develop long-term financial plans for clients, making a positive difference to people so that life can be enjoyed.
Pensions are extremely tax efficient and it may be better to draw on other assets before taking any income from your pension. We calculate the most tax efficient way of drawing your income in retirement.
In April 2015, the government overhauled the pension system for the better by making some dramatic changes. More financial freedom for everyone with a pension. Greater flexibility in the pension rules means more choices for pension savers in particular those with defined contribution pensions.
The changes include: