The Time Capsule Pension

A lot of people have what we call a 'time capsule pension' – one they have stopped paying into some time ago. You might have one and be wondering what to do about it. You might be wondering who is looking after it and where or what your money is actually invested in and above all what charges are being taken from your pension pots.

A pension review will provide answers to all of the above With the new pension freedoms now up and running those aged 55 or over now have more choices than ever with how they can use their pension pots. People in this position can now withdraw a lump sum, or series of lump sums, from their pension fund to use how they wish there is no longer the requirement to buy an income from an Insurance company from these funds. We are excited by these changes because no longer will our clients feel handcuffed to a pension fund and there are now more reasons for people to start saving into pensions as they won’t be seen as a black hole anymore. Whatever your situation, you should not rush into making a decision and should seek professional independent financial advice. Please contact me for any pension advice that you need on 07504 256418.