Planning for your retirement is expensive – I’m not going to lie! The sooner you address your retirement plan, the easier the planning is. As a business owner, you are in a great position to plan and save for your retirement. You are in full control of your destiny.
The snag, however, is that pensions – one of the most common vehicles we use for retirement planning – have somewhat complex rules (and I’m putting that mildly)! Having worked with many medical practitioners, I have a lot of experience with the NHS pension schemes. I know how they are affected by the lifetime and annual allowance. I am also fully aware of the great advantages that pensions offer, personally and through a business
Whatever you do, don’t delay – retiring is expensive! If you haven’t started your retirement planning, or you’re not sure you are on track, then get in touch and we can put a plan of action in place to grow your retirement fund.
If you have received an odd letter about your annual allowance, or lifetime allowance, or you think perhaps you have breached it – don’t ignore it. Speak to me. I can help and hopefully I can minimise the tax bill, or at least I can explain what it is they are going on about!