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A pension revolution – changes that will affect us all in retirement

A pension revolution – changes that will affect us all in retirement

Simon Cartmell8 Apr 2016 - 16:19
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https://www.teddingtonrfc.co.u

Seeking professional advice before you make the wrong pension or investment decision? New club sponsor Rathbones can help.

As announced earlier this week, well-known investment firm Rathbones have agreed to sponsor the club from the 2016-17 season onwards.

Rathbones have identified a significant issue that will affect many club members. Pensions can be a very dry topic, but the changes introduced at the start of the new tax year are huge – and the tax consequences pretty nasty if you get it wrong. Rathbones have offered to host a free and no obligation seminar at the club house to explore these issues and how they affect you, your wider family and your business individually – if this would be of interest please reply to Billy Day and we will organise this session.

Key issues to consider are:

a) What you can put in is changing – you may face a tax bill without knowing it
b) What you are allowed to have in pensions is reducing – some will face a 55% tax charge
c) What you can take out has changed – the “Lamborghini option” or flexible payments
d) Pensions have become effectively Inheritance Tax planning for some clients

Rathbones are one of the UK’s largest and longest established providers of high-quality discretionary investment for individuals, for their pensions and for trustees. Teddington Rugby have two local Rathbones contacts – Billy Day, an experienced Investment Director and U6 parent, and Matt Hawkins a senior financial planner. Between them they can de-mystify pensions and help you work out what action you may need to take. Please reply to Billy Day to arrange a no-obligation consultation or to take part in a seminar at the clubhouse.

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