Personal Pension Planning

Pension planning causes anxiety for many people, but VSL is here to help you take the right decisions regarding your long term retirement planning.

You may have no pension at present, or several acquired through your working life, whatever the case we will guide you through the many different ways of funding retirement, from traditional private and workplace pension plans to building up an investment property portfolio.

Whether or not you use one or all of the strategies available to you, professional planning is essential to ensure you have a sufficient level of income after taxes to provide for your essential and non-essential expenses.

Once the amount remaining available for savings or investment has been established, our adviser will guide you through your options taking into account your tax position and access requirements in conjunction with our previous discussion and recommend a suitable solution for you.

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We will take you through the following steps to help you get the most from your retirement:

• Initial consultation – Discuss with VSL your current situation and discover the possible costs of our pensions advice, and you then decide whether the VSL offering meets your needs
• Fact-finding – we gather information on your current pension situation, the amount of income you will require, your aims and goals and the level of investment you are able to take
• Research – we examine the entire marketplace with a view to identifying the best providers and products to meet the goals and aspirations identified earlier.
• Presentation – we provide a comprehensive report informing you of what we believe are the best providers and products to grow your pension, and why these are the best options. You will be provided with comprehensive product information from the relevant providers before you make any purchasing decisions.
• Application & review service – we will assist in the completion any relevant application forms, taking time to ensure you are happy with every stage.
• Year by year development. During your working life, VSL will help you plan and build up funds to provide for you when you retire and then recommend an appropriate solution for you, which should be reviewed on a regular basis to ensure it remains on target.

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Peace of mind income for your entire retirement

When you decide to stop work or reduce your working hours and want to draw benefits from your plans, our adviser will help you consider all of your options to structure your assets in the most appropriate and tax efficient way to provide the income you require. We generally recommend that you structure your assets to provide a secure and increasing level of income sufficient to cover your day-to-day living costs, with the remainder of your assets being used to cover non-essential flexible expenditure with any remainder passing to your beneficiaries. It is not uncommon for a person stopping work now to expect to live for another thirty years. It is important, therefore, that careful planning and advice are received and regular reviews take place to ensure that a person’s assets will provide for them over a long period of time. You should also discuss Care Fees Planning with VSL.

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Investment and pension risk warnings:
The value of pensions and investment and the income they produce can go down as well as up and you may not get back the full amount that you originally invested.

The Financial Conduct Authority does not regulate Estate planning, Tax planning and Cashflow modelling.