Pension Transfer Specialist
Understanding a Pension Value and How It Can Benefit Your Wealth
The majority of individuals with pensions will allow them to just collect over time. They then find they don’t have enough retirement savings when they reach retirement age. Some people have no pension provision whatsoever and have to rely on the State Pension, and ultimately find they don’t have enough to do the things they want to do in retirement. You should always consider other options to benefit your wealth, including the possibility of a pension transfer.
A pension transfer essentially involves moving your pension fund from your current provider and transferring it to another pension provider for better returns or greater flexibility, to make use of the Pension Freedoms recently introduced. Taking the tax-free cash for a flexible income is also an option.
This process can have major benefits, but is often complicated. This is not something you want to be undertaking yourself or even considering in isolation from your other finances. You should work with a pension transfer specialist that can help you analyze and understand all the options you have. Once you work with our team at Kingdom Investments, you will be able to decide what is right for you.