Final Salary Pension Advice

Final Salary

Final Salary or Defined Benefit pension schemes to give them their true name, are the pinnacle of employer pension provision.
These schemes generally provide a guaranteed level of pension income and in a majority of cases long term protection against inflation by pension increasesand dependents benefits in the event of death of the member.

With George Osborne introducing full flexibility on defined contribution or “money purchase” plans, members of Defined benefit schemes may be feeling left out in the cold.

The benefits under a defined benefit scheme whilst being guaranteed, offer very limited, if any, flexibility and equally do not take account of an individual members circumstances.

It may be that they are single, and not interested in Dependants pension. They may want to access the tax free cash and defer the pension payments. They may have health issues and be able to secure a much higher pension in their own right in the open market when their health is considered. The schemes may only offer limited tax free cash and not 25% of the scheme value that is available elsewhere.

All these are factors which need to be considered.

The starting point though is to compare the Cash Equivalent Transfer Value of benefits – commonly known as a Transfer Value Analysis. This should determine if the scheme is offering a reasonable value for giving up the benefits in the scheme.

Overiding factors may be the fact that most Defined Benefits schemes so not offer tax free cash only nor do they permit phasing of benefits. More importantly as the proposals stand at present the new fully flexible pension rules will not apply to defined benefit schemes. Equally the government consultation period is looking at a potential ban of defined benefit schemes. This looks pretty certain for Public Sector schemes, but a ban on private sector is not so clear as there are a number of options being considered.

This is a specialist area of advice, and requires special permissons from the FCA. Here are Pensions Advice UK we have the permissions and expierence to help you.

Don’t Leave Everything until 2015

You could end up losing out! New Pension rules and government changes will impact you! But are you sure that waiting is the best option?

Your Pension Fund Could Attract 55% Tax

New rules mean that in some cases people could pay a large proportion of their pension funds in tax! We can help to mitigate this.

Retirement and Pension Annuity Advice - Specialist Pensions Advice Uk Service

FCA Registered

We are registered and authorised by the Financial Conduct Authority

Retirement and Pension Annuity Advice - Specialist Pensions Advice Uk Service

Independent Financial Advice

We are authorised to provide independent financial advice on all financial products.

Retirement and Pension Annuity Advice - Specialist Pensions Advice Uk Service

Trustworthy Financial Advice

Our independent financial advisors are trustworthy and adhere to the PFS (Personal Finance Society) Code of conduct and ethics. Which provides you with assurance that we adhere to high professional standards.

Retirement and Pension Annuity Advice - Specialist Pensions Advice Uk Service

Unbiased

We are Independent and not tied to any provider. We work on your behalf!

Retirement and Pension Annuity Advice - Specialist Pensions Advice Uk Service

Free 1st Consultation

Why don’t you contact us today for a chat and see if what we can do for you!

Retirement and Pension Annuity Advice - Specialist Pensions Advice Uk Service

Competitive Charges

Our initial consultation is always free! If you want to proceed with any recommendation we make you will be fully aware of our fee. They are lower than you may expect and are always competitive and agreed with you.

Retirement and Pension Annuity Advice - Specialist Pensions Advice Uk Service

Need Help?

Call now, and speak to one of our specialist advisers
Call Free 0800 103 2500
Mobile 01606-839720


By submitting your information to us you are consenting to us contacting you regarding our services.
You can read our full (CLICK) Data Protection Statement

Call Pensions Advice UK Today on Call Free 0800 103 2500 Tel 01606-839720

Call 0800 103 2500

Mobile 01606-839720
Between 9am and 5pm Weekdays.

We Can Help Today…


Complete the form below…

Send us some simple details and we can find tell you what you can do with your pension and how you utilise in the best way. Our advice is given by our own qualified advisors and is guaranteed.

Pension Annuity Providers - Legal and General, Prundential, Just Retirement, Aviva, LVE, Scottish Widows, Partnership, Canada Life, Standard Life, Pension Schemes

We Are Not A Lead Generation Site

Many sites that you will look at will be lead generation web sites, designed and produced by marketing companies to capture your data and then pass it on to the “highest bidder”. This can mean your details are passed to many companies who have nothing to do with the web site you originally visited. Pensionsadviceuk.com is owned by Burfield Financial Planning and we will NOT pass your details onto any other company!

We Are Authorised Financial Advisors and We Guarantee our Advice

Some sites are “non advised” this means that they can only provide the information to you to make a decision on! We are different we provide a service that is supported and guaranteed and our advice is provided by a qualified and certified financial advisor.