Personal pension plans are tax efficient savings plans designed to provide
an income in retirement to supplement any state or occupational pensions
you may receive. Personal pension plans are available to the self-employed,
employees with or without a company pension and individuals without any
earnings, including children.
No set up fees
Low 1% pa fund charges
Qualified pension specialists
Our personal pension service
If you are looking to save at least £100 per month you will benefit from
our free personal pension pre selected service. We do not charge any
fees or initial commissions and offer you a choice of four low cost
pre selected personal pension plans all with better terms than the
government standard stakeholder pension model. Request your
and information pack now.
Choice of personal pensions
We constantly research the whole of the market to ensure we provide you with
four of the best personal pension plans. Our research criteria includes: No
penalties for stopping, starting, or varying savings. No penalties for
transferring away. No monthly policy charges. No bid / offer spread, no
entry charges and no reduced allocation periods. The personal pension plans
must also provide access to a range of pension funds with a maximum annual
management charge of 1% pa.
Pre selected pension or individual advice
Our pre selected personal pension option is suitable to those individuals
wishing to make their own decisions about their retirement planning who require
no advice. If you require advice, with an individual recommendation, our private
client division provide independent pension planning on a fee only basis.
Choice of quotes
We can provide you with quotations based on a set monthly amount of savings or
if you want to know how much you need to save to provide a future annual
income we can provide you with a target funding
Tax free cash
Up to 25% of the total fund value can be paid as a one off lump sum on
retirement. Under current legislation all tax-free cash payments are made tax-free.
All individuals, including children, without relevant earnings (salary) can pay
up to £300 per month. Employed and self-employed individuals with relevant
earnings can pay up to £300 per month or 100% of earnings if greater,
subject to the overall annual allowance. Employers can make unrestricted
contributions provided the total of employee and employer contributions do not
exceed the annual allowance. The annual allowance is set at £215,000 for
2006/07. Any contributions in excess of this limit will be subject to taxation.
Current contribution limits.
Individuals currently enjoy tax relief on all savings made into personal pension
plans. Tax relief is provided at either 22% or 40% depending on an individual's
income tax level. This means a basic or non-rate taxpayer would receive a total of
£128.20 paid in to their personal pension plan for every £100 saved.
Minimum retirement age
Once a personal pension plan has been set up it cannot be surrendered or cashed in
other than on retirement. Currently the minimum retirement age is 50 but this
will be increased to 55 for anybody retiring after 6th April 2010.
Pension fund performance
An explanation of the different pension funds and the risk associated with each
fund and asset class, together with online past performance data and detailed fund
fact sheets for all qualifying UK pension funds can be obtained from our
pages. You can also download our
ethical investment questionnaire
and provide us with your negative and positive criteria if you are considering
investing in an ethical fund.
Poor investment performance or high charges can result in underperformance of your
pension savings. Our review service is designed to check the charges levied on
existing personal pension plans together with the underlying investment performance.
As many pension providers and life assurance companies still impose higher charges
on older pension plans we compare and analyse the effect of transferring your
pension savings to a new and lower charged pension and if your pension funds are
underperforming or your funds are out of line with your attitude to investment
risk, a revised profile will be provided.
Self invested personal pensions
provide a wider scope of investment opportunities including commercial property,
individual stocks and shares and full discretionary management.
are a government based savings model available from £20.00 per month with
annual management charges of 1.5% for ten years falling to 1% thereafter. Please
note we do not provide advice on individual stakeholder pension plans.
If your company offers a non contributory
company pension scheme
you will normally be better off joining rather than setting up your own personal
If you are close to retirement
plans allow you to structure your retirement income in a different way. These
pension plans can provide favourable income tax and
benefits and provide the opportunity to defer purchasing a pension annuity but
still provide an income.
To request a quote
Complete our online personal pension plan
or call one
of our specialist pension advisers to request your free personal pension quote. As an
internet based firm of
independent financial advisers
we provide advice over the
telephone, via email and through the post. Dealing with you in this way allows us
to discount our charges and commissions to provide you with the very best personal
Help & advice
There are many different options to consider when choosing a personal pension plan and
it makes sense to take advice from a qualified specialist who is independent
and can offer you products and services from the whole of the market place. Please
call one of our
to discuss the different options
available to you and to request your personal pension quote.