Pensions

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It is essential to plan ahead for retirement and regularly to re-examine your pension position and investment choices. Whatever type of pension you have, it is necessary to consider how well this, and your other investments, are likely to meet your retirement objectives. Anyone banking on the state to provide for them in retirement is likely to find their retirement far from enjoyable.

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Pensions, perhaps more than any other financial area, have been the subject of huge and very complicated changes in recent years. The amount you are able to contribute every year, the total allowable value of your fund and the way in which you can take your benefits have all been shaken up and there are pitfalls that need to be avoided.

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The new legislation does however present a huge array of new opportunities to plan tax efficient retirement income and preserve pension fund wealth through the generations. Specialist planning is essential to maximise these opportunities and avoid the pitfalls. E L Watson advisers are qualified and highly experienced in this area.

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The decisions you make now will affect your income levels and how comfortable you may be in retirement. We offer advice on the following:

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• Personal Pensions

• Self Invested (SIPP)

• Self Administered (SSAS)

• Occupational Pensions

• State Pension

• Annuities

• Income Drawdown