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Contact Us

Arrow Financial Services
46 Watergate Street
Chester
CH1 2LA
Phone: 01244 322 330

Personal Pensions

Planning Your Retirement

Most people agree that relying solely on the State Pension will lead to poverty in old age. Imagine how you would feel being retired and not able to afford holidays, run a car or even maintain your home.

To guard against this many people take out personal pensions when company pensions are not available to them. The most common types are:

Personal Pensions
Stakeholder Pensions
Self-Invested Personal Pensions

Some of the most attractive features of Personal Pensions are tax relief on contributions, investment choice, the ability to choose your own retirement date and a tax-free lump sum at retirement.

It may be that you have old policies that need reviewing. Often older policies carry higher charges whilst giving below average performance.

You may also have several smaller funds and may benefit by consolidating them into one policy. This will allow you to monitor performance far more easily and could also mean that you benefit from a large fund discount (reduction in charges offered by some providers once a fund reaches a certain value).

It is essential that you take advice to ensure that you are on the right track to achieve the level of retirement income you require.

Arrow Financial Services can assist in evaluating your existing arrangements, assessing any future levels of contributions required and conducting regular reviews to ensure your retirement planning remains on track.