Free Stirling Pension Review
Our pension advisors are qualified and regulated to provide financial advice across Scotland. Specialising in pensions, our regulated professionals have years of pensions experience and are frequently in Stirling providing advice to local residents.
If we can assist you with your pension, please don’t hesitate to get in touch. Our free Stirling pension review will give you an understanding of how many pensions you have, how much money is in each pension, the monthly fees and charges you’re currently paying and ways you can maximise your pension to make the most of your retirement income.
Recent research suggests the average pension pot currently sits at £50,000. How can we help you ensure your retirement dreams become a reality?
Pension Advice Stirling
All of the advice provided is offered from a regulated and authorised professional. You should only seek pension advice from a Financial Conduct Authority regulated pensions advisor. Pension advisors complete exams to gain qualifications in pensions advice. This helps ensure all advice provided is accurate. You can ask to see your advisors qualifications when you contact Scottish Pension Advice.
Our specialists can advise you on anything related to your pension including dormant or frozen pensions, transferring a final salary pension, receiving your 25% tax free allowance from your pension and much more. If you’re based in Stirling and would like pension advice from a regulated advisor, please get in touch or complete our free pension review.
Forgotten About Pensions
If you like in Stirling and have a forgotten pension (known as a dormant or frozen pension) then you may have money which is under performing and not being invested in an efficient or effective manner. This can vary from over-charging of pension fees through to the fund being in the wrong risk category.
A frozen pension is often when you start a pension and forget all about it, typically this happens when you leave a job. You may have an old pension from a previous employer and when you left you forgot, or didn’t know you could, transfer the pension to a new provider. The money is still in the pension but it’s possible not being managed as you would like. This could happen multiple times over and you may think that you’ll manage it when retirement comes, but it’s best to manage it now so you have time to maximise your fund.
Our pension advice in Stirling team can advise you on the funds in your pensions and efficient methods to enhance your pot of money so you have a positive growth.
Final Salary Pension Transfer in Stirling
Final salary pensions are also known as defined benefit / occupational pensions and are a hot topic just now. Pension freedoms mean that from 2015 you could access 25% of your money at 55, tax free.
The issue has been that final salary pensions don’t allow you to do this. Instead you receive a pension with a defined benefit (typically a percentage of your final salary) but you can’t access any tax free money. Some final salary pensions have been underfund by employers and consequently the benefits have been reduced. Other funds are offering an excellent transfer out value to help people leave the scheme.
You may be considering transferring out of your final salary scheme for many reasons (ill health, you require your tax free money, the scheme is unpredictable or many others). Before deciding to leave your occupational pension please seek advice. It may be the correct decision but it’s always best to talk it over with a qualified advisor who can discuss the pros and cons.
You can seek free pension advice in Stirling from Scottish Pension Advice. We’re open 8am – 5pm Monday to Friday for any questions you may have.