Follow us on social media.
For all our latest news.

Retirement Planning and Pensions

There have been a number of developments in the world of pensions, including Auto Enrolment, topping up State Pensions and the new Pensions Freedom rules allowing more flexible access to pensions; all of which need advice from qualified advisers.

Auto Enrolment

Many employers rushed into putting a scheme in place to comply with the requirements maybe not appreciating the importance of this piece of legislation.

A pension is a long term savings plan. Auto Enrolment is an extension of this concept where you as the employer make a contribution, as does the tax man and your employees. You as the employer are responsible for:

  • Selecting a suitable arrangement that complies with government requirements
  • Collecting the contribution from the employee
  • Making a contribution from the company

As with any savings plan, the returns will only be as good as the underlying investments. This is where advice is required to ensure the arrangement you select is suitable for your employees and the underlying investment options will perform to expectation.

Employing the services of a Financial Adviser to provide advice to your staff can be a very cost effective employee benefit and should not be underestimated.

By employing salary sacrifice, both the employee and employer can benefit from a National Insurance Saving.

If you are an employer and you need help and advice on Auto Enrolment, please do speak to us as soon as possible on 0121 693 5000.

Topping up your State Pension

If you are a man born before 6 April 1951 or a woman born before 6 April 1953, for a limited period you can top up your state pension by up to £25 per week.

The cost varies according to age but, as an example, it would cost a 68 year old £4,135 to buy an extra £25 per week state pension.

Pension Freedom

The Pension Freedoms introduced in April 2015 has created great opportunities for income flexibility and ultimately using your pension plan to benefit future generations.

If you are at or above age 55, you are affected and should seek advice. If you are below age 55 you need to understand the new rules to appreciate the attraction of contributing to a plan.

Get In Touch

Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Financial Planning in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 693 7310

Reviews and Ratings for Financial adviser Gordon Symes, Birmingham

The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based within the UK. Jerroms Financial Planning is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 300784. Registered in England and Wales under reference 4710626. Registered office address: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, West Midlands B90 8AH.