Each person’s solution has to be different as it depends on their circumstances, vision and goals. There are, however, many common factors: the investment wrappers available, term of investment, individual’s risk profile, tax, pre and post-retirement phases and diversification, etc. 

As independent financial advisers, we offer whole of market products and solutions. Below is a list of typical wrappers/products, although the list is not conclusive. There are areas where we cannot give advice although we take into account the client’s other assets, such as commercial and residential properties, gold, classic cars, company shares, etc.

We always recommend making use of other professionals where we are not specialists or qualified, such as accountants, tax consultants and solicitors; we can communicate with those professionals and take the relevant wills, trusts, accounts and tax into consideration in our recommendations.

Typical Products:

Cash Savings, Investment Funds and Unit Trusts (Collective funds), General Investment Accounts, Stocks and Shares ISAs, Junior ISAs, Lifetime ISAs, Personal Pensions/SIPPs, Investment Bonds, Venture Capital Trusts (VCTs), Conventional Annuities, Fixed Term Annuities – all allied to Wills, Trusts and other legacy/succession products and ideas.

Network

There is the advantage of being part of an independent Financial Advice Network – Rosemount Financial Solutions (IFA) Ltd, where other resources are near and accessible.

The retirement financial provision usually encompasses all various assets – equity in home and Buy-to-lets, Stocks and Shares ISAs, pensions, investment bonds, savings and other investments.

Pensions remain a major part of retirement planning due to reasons such as income tax savings through government tax relief on personal contributions, employment contributions and virtually tax-free growth within the pension (like ISAs).

The personal tax relief, as you know, is 20% on gross contributions which is 25% return on what leaves your pocket through contribution or salary deduction. With savings at the marginal rate of income tax, now is the time to grow your personal/Auto-Enrolment plan before there are, potentially, legislation changes. Subject to your personal circumstances, pension contributions are a good place to invest a portion of a bonus or dividend.

For the amount that you contribute into a pension, we suggest that you seek financial advice and talk to a tax consultant or accountant; and ensure that you do not deplete or put at risk other budget demands.

While pensions will be subject to inheritance tax from 6 April 2027, there are still many attractive advantages of building your pension, such as ease of succession.

Risks:

• The value of an investment may go down as well as up
• Advice and recommendations are made subject to information provided and Client Agreement
• Investments are not recommended for short terms

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested