Free Stirling Pension Check
Our pension support team alongside our partner pension advisors offer qualified and regulated financial advice across Scotland. Advising in pensions and other financial services, 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. The 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. You may be looking to access your pension and need advice on how to go about withdrawing money from your pension, which we can help you with too.
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 from our partner pension advisory service. 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. Scottish Pension Advice provides customer support and can help you acquiring the necessary pension support through our partner pension company. You can ask to see your advisors qualifications when you contact Scottish Pension Advice.
Your pension professional 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 live 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 support you regarding the funds in your pensions and efficient methods to help you enhance your pot of money so you have a positive growth, via a qualified pension partner.
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 underfunded 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 a free pension check in Stirling from Scottish Pension Advice. We’re open 8am – 5pm Monday to Friday for any questions you may have.