Pensions advice and retirement planning 2018-03-01T11:47:00+00:00


The next time a bloke down the pub tells you pensions are a waste of time, ask them when they last had theirs reviewed. ‘When I took it out,’ will invariably be the reply, or ‘don’t talk to me about Pensions’ will reverberate around the room.

Wait, what’s that noise….Thud, thud, thud. That’s the sound of us banging our heads against a brick wall.

If you bought a car 30 years ago and never had it serviced, what state do you think it would be in? Knackered, rusting and underperforming probably. Pensions MUST be reviewed regularly.

Like or loathe them, Pensions are likely to be the key to your standard of living for 20-30+ years of your life.

That’s pretty significant.

So how can we help with your pension?

Pensions are an investment, and like any other Investment they need to be reviewed (or ‘revood’ as we say in Norfolk).

If you had several thousand pounds sat in a bank account would you let it sit there and rot? No. So why do it with a pension that has such an important effect on your life.

Let us look after your pension, and give it the love and attention it deserves.

Why is a pension a good idea?

  • You pay money into a pot

  • The government tops up your pot (yes that’s right, the government gives you tax relief on your money!)

  • Growth is tax free

Still need convincing? Take a look at our FREE pensions guide for loads more information on pensions and why they work.

Can’t be all bad huh?

Don’t get me wrong, pensions aren’t perfect, and there are a lot of crummy old plans out there that need to be reviewed, but pensions form an integral part of your overall retirement planning along with ISAs (and property, if you’re that way inclined).

So, are pensions a waste of time? NO.


If you haven’t got a workplace pension, getting a personal pension is a tax-efficient way of saving for retirement.  You choose how much you contribute and select from a wide range of investments including stocks and shares, bonds and property, with the aim of growing the fund ready for retirement.

A self-invested personal pension (SIPP) is similar to a standard personal pension, but gives you more flexibility with the investments you choose i.e. direct commercial property investment.

Your employer may have arranged a company pension on your behalf.  Contributions are often made by your employer as well as yourself and are generally a percentage of your monthly pay.  The National Employment Savings Trust (NEST) has been introduced to increase workplace

An annuity is a financial product that allows you to convert your pension savings into an income that will last you for the rest of your life. There are various types of annuity to choose from i.e. enhanced, impaired, fixed-term and investment linked.

Once you have built up your pension fund your pension provider will allow you take an income i.e. annuity, from anywhere in the market place.  This is called the Open Market Option (OMO).

Income drawdown allows you to take an income from your pension fund whilst leaving your money invested so you can continue to benefit from growth. There are capped and flexible drawdown options available.