Pensions and Retirement Planning

Pensions and Retirement Planning

How much do you spend during a week’s holiday? Imagine the cost if you had 52 weeks' holiday every year! What sort of lifestyle do you envisage after retirement?

Great changes lie ahead in the world of pensions and this affects your retirement planning. The government is committed to individuals making private pension provisions and not relying on the state (see our article on the 2012 Pension Changes). How will this affect you?

La Playa can advise on both personal and company pension schemes and make recommendations as to which insurance companies and funds are most appropriate to suit your circumstances. We can also help with the various choices you have to make when you come to take your pension.  

  • When do you your retirement to start?
  • How much will you need?
  • What part will state benefits, tax and inflation factors play?
  • Do you have other assets to leverage?
  • Can you plan around health issues?

Talk to us about structuring your financial plans for your retirement.

Retirement Income Planning

Perhaps the most important question when you have accumulated your pension wealth is "What's the best way for me to take an income?"

The rules around taking the benefits from your pension have relaxed over the past few years, giving much more flexibility as to how and when they are taken.

Planning for future changes in your circumstances is as important at this stage as ever.  Contact us about retirement income planning in the context of the changing pensions landscape.

Self-invested Pensions

Self-Invested Pension Plans (SIPPs) work well for people who prefer to have more control of the underlying investments of their pension assets. Unlike the PP/SHP, a SIPP can invest directly into shares, commercial property - even art & antiques.

A SIPP is the tax wrapper that fits around the investments, but gives the freedom for the individual to diversify their assets between a multitude of different investment vehicles. 

Talk to us about how a SIPP might work for you.

Stakeholder and Personal Pensions

Many of us are familiar with Personal Pensions - either through group arrangements offered by employers, or it may be something you've considered taking out yourself.

A Personal Pension is a tax-efficient, long-term savings plan that allows you to build up a pot of money to provide an income in retirement. You can decide how much is paid in, where your money is invested and, sometimes, who is managing the scheme.

A Stakeholder Pension is similar to a Personal Pension, but with slightly fewer options and fixed charges.

Talk to us about which pension plan might work best for you.

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“The few claims that I have had to make have been dealt with in a very prompt and professional manner - thank you!”

Phil B, Private Client

 

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About La Playa Private Client

Specialist & Independent

Specialist & Independent

La Playa Private Client creates a safe space for you to live life to the full, enjoying your family, friends, and assets wherever you are in the world - without worry or hassle.

We can make sense of all your insurance needs - property, yachts and superyachts, high-performance and classic cars, private jets, art, wine and jewellery collections – and your liabilities too. We can pull multiple assets together on a single “portfolio” policy – or if you prefer, take care of each item separately. 

Amid the impersonal and automated world of large insurance corporations, La Playa provides a refreshingly boutique-style service, with individual advice, and cover based on in-depth understanding of your specific situation. After a detailed and confidential review of your needs and priorities, we’ll structure your insurance arrangements so you know you and your family are protected, come what may.  

In-house Wealth Management

We also offer Investments & Pensions and Financial Planning: a joined up approach with a team of advisers working for your best financial interests - all under one roof.

Advice you can trust

…from an expert who understands you

  • Specialist, global policies for affluent lifestyles
  • Independent, specialist advice
  • Boutique–style, luxury service
  • “Can do” culture
  • Worldwide capability: offices in London & New York
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Henry Metcalf Chartered FCSI PCIAM

INVESTMENT MANAGER

Direct Dial: +44 (0) 1223 200650

Mobile: +44 (0) 7900 823 838

Email: henry.metcalf@laplayawealth.com

Twitter: @HenryMetcalfLaPlaya