Did you know it’s Pension Awareness Week?

14th to 18th September 2020

I think one thing that many would agree on, is that the world of pensions is very complicated. How much to save? What options are available for saving? How do I take my pension?

This week marks Pension Awareness Week, with 15th September being Pension Awareness Day.

The aim of these events is to raise awareness about the importance of pensions and encourage people to learn.

With this in mind, we thought it would be a great opportunity to remind you of some of our blogs from earlier in the year, but also there’s a couple of new articles that you might find of interest:

• 5 Steps to bring your dream of early retirement closer
• 4 Top Tips on what to do in the first 30 days of your retirement
• Keeping track of your pensions
• Financial planning – taking control in uncertain times

How much to contribute?

It’s a question we’re often asked. One thing that is clear, the earlier you start, the better. However, if you are feeling that you’ve left it too late, don’t let this put you off. How much you are able to and need to contribute will depend on a number of factors. When are you planning on retiring? What other sources of income will you have? How much will you need? What level of risk will you be investing at?

Options for drawing a pension

In 2015, “pension freedoms” were introduced, offering more flexibility over how you can access your pension. Would an annuity be best? Or would drawdown be a better option?

You can find out more for yourself if you are interested

There’s so much information, resources and webinars available on the Pension Awareness Day website, why not take a look?

Financial planning with Jane Smith Financial Planning

Alternatively, we may be able to help. As many of our existing clients will attest to, as an Accredited Financial Planning Firm and Chartered Financial Planners, we’re well positioned to help our clients in building a financial plan that helps them make these important decisions. If you, a friend, family or colleague have any questions, we would be delighted to hear from you.

In the meantime, we wish you a very happy Pension Awareness Week!

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