Phone Yash Tosar:
01908-523-420
11 Furzton Lake
Shirwell Crescent
Milton Keynes MK4 1GA
Everything you need to know about Pension Cash
They make it so damn tempting, don't they? Withdraw a quarter of the cash in your pension, spend it on anything you like, and pay no tax at all. What's not to love about that?
There are plenty of IFAs who would love to help you strip cash from your pension, and pocket the resulting commission. The question is – should you do it?
Is it in your best interests?
Hello, I'm Yash Tosar. And I'm concerned about what's happening to pension cash in the UK. And in particular, the way some financial advisers encourage people to withdraw their tax free pension cash without first considering the implications.
It's a big problem right now, and it may affect you. Here's why...
Sorting out your pension strategy is a complex task. It takes years of training to properly understand how UK pensions legislation applies to any one person's financial circumstances.
What may be right for your neighbour could cost you thousands of pounds in lost income, taxes or both. It's essential that you get specialist UK pension cash advice before withdrawing cash from your pension.
It's not possible to know what to do with pension cash on the basis of reading a few articles. An article can't know what tax rate you're on, whether or not you have an estate duty issue, or the future tax implications of taking your pension cash now.
While it's tempting to simply take the cash, simply grabbing 25% because you can may mean you overlook options like getting hold of half, or even all of your pension cash tax free.
Specialist knowledge
The plain fact is, your financial circumstances are unique. They need to be treated as such, and examined properly by an IFA with specialist knowledge.
The last thing you should do is follow the advice of somebody who simply tells you to take the cash and run. Especially if you haven't first received a pension audit.
What is a pension audit?
The aim of 1st Financial Foundations' pension audit is to find the information needed to give you proper UK pension advice. This includes the following...
- How many pensions you have
- The amount of money available to withdraw
- Your current pension investment strategy
- Advice on the suitability of your current pension investment strategy
- Your current tax situation
- The tax implications of withdrawing pension cash today
- Your options for the remaining 75%
- The implications on your future income with each of the options open to you
Does this sound useful? Pick up the phone and dial 01908-523-420 now. Or fill out the form and ask me to phone you back.
Our pension audit is very thorough. It spells out what your options are in plain English. It tells you what you need to know to make the best choice for you.
In fact – I'm so passionate about making sure people fully understand the pros and cons of drawing down their pension cash, I'm offering to do a pension audit for you totally free of charge...
- No obligation
- No charge
A pension audit makes sense – doesn't it? It's easy too. You and I can even do this over the phone.
Dial 01908-523-420 and ask about a pension audit. Or fill out the form below, and ask me to phone you back.
Under 55 years of age? The deadline is approaching fast...
There's a government imposed deadline you need to know about. From the 5th of April 2010, the age at which you can claim pension cash rises from 50 to 55.
If you're under 55, it's a very good idea to act immediately. Phone 01908-523-420 and ask about a pension audit, or fill out this form and click the 'Call Me' button...