Why seeing Pension Wise before a financial adviser might make sense

Story

A financial adviser can help you prepare for a worry-free retirement. But before you see one, there are steps you can take to ensure the decisions you make are right for you.

An adviser will play a crucial role in your plan for securing your future. The expertise and knowledge that comes with taking professional financial advice can prove invaluable when it comes to creating a financial plan that takes your personal circumstances, goals and appetite for risk into consideration.

Some of the reasons you may consider speaking to a financial adviser when it comes to your pension include:

  • mixing your pension options
  • paying more into your pension
  • leaving some of your pension in your will

But before you book that all-important introductory meeting, it could prove useful to consult Pension Wise. Pension Wise provides free and impartial guidance from the Government about your defined contribution pension options.

If you’re aged 50 or over, have a personal or workplace pension and want to understand your options, Pension Wise can help. You can use the service to check the type of pension you have and to book a free appointment with a pension specialist, either in person or over the phone. The specialist will explain your pension options, how each one is taxed and inform you of the next steps to take.

Pension Wise provides free, independent pension advice, so you won’t be recommended any products or companies, or told how to invest your money.

To find out more about how Pension Wise can help you, visit www.pensionwise.gov.uk.

Subscribe to our newsletter

Enter your email address to receive the AFH Wealth Management newsletter.

By subscribing you agree to the AFH Group privacy policy.

News

Find all the latest industry news, all written by our in-house industry experts.

Estate planning for blended families - 3 things to think about

Estate planning for blended families - 3 things to think about

Story 20/08/19

A blended family coming together can be an equally positive yet confusing experience for many. New living arrangements call for a proper review of your financial situation.

Residence nil-rate band - will it benefit you?

Residence nil-rate band - will it benefit you?

Story 14/08/19

This additional threshold could relieve the burden of inheritance tax for many families, but it's subject to a number of rules. Do you know whether the residence nil-rate band applies to you?

If I need long-term care, how will I fund it?

If I need long-term care, how will I fund it?

Story 07/08/19

Previously, we talked about what long-term care is and how you can start planning for it. Now, we look at the funding options available for you to consider when it comes to long-term care planning.

More Articles

Get in touch

To discover how AFH's unique approach to wealth management can help you build a better future, please contact us.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.