Dominic Browning, Managing Director
Posted by Dominic Browning
10/12/23
News, Resources, Insight and Opinion from Browning Financial Planning

Your Company Pension

Dominic Browning, Managing Director
Posted by Dominic Browning
10/12/23

Company pensions are becoming a more and more important part of your financial plan.

We already offer a company pension review service, which means that we advise you on the best funds to be invested in within your current company pension arrangements.

It is imperative that you join/stay in the scheme as you will be getting employer contributions paid in, in other words free money.

In some cases the fund choices are good and you can invest for your retirement via these funds.

But in other cases, there are a limited number of suitable funds, if any at all. At the moment, you have to invest in the "best of a bad bunch" to continue to receive free money.

BUT, DID YOU KNOW THAT YOU CAN MAKE A PARTIAL TRANSFER FROM THE COMPANY PENSION INTO A PERSONAL PENSION? This means that you can continue to receive free money in the company scheme but if the funds available are not very good, you could move the bulk of them elsewhere.

SO IT IS POSSIBLE TO HAVE YOUR CAKE AND EAT IT!

More News, Insight & Opinion
The Rule of Thumb with regards to accumulating pensions and investments

In 2024, the UK average salary is £33,696. Continue

Capital Gains Tax Increase

The rate for basic-rate tax-payers has increased with immediate effect from 10% to 18% and the rate for higher-rate tax-payers will increase from 20% to 24%. Continue

Pensions and IHT

From April 2027, unless the Government changes it mind, the value of your personal pension will form part of your estate when you die. Continue

Two Big Questions

Someone quoted that "money isn't the most important thing, but it's up there with Oxygen". Continue

Sideways Disinheritance

People often worry about their children losing their inheritance due to the costs of care fees. However, whilst this does happen in some cases, the real killer is “sideways disinheritance”. What is this, you may ask?  Continue

LIFETIME ISAs

We are very happy to announce that our chosen platform Fundment are now offering Lifetime ISAs. Continue

More Articles