Pension Advice & Planning

Secure Your Retirement: Expert Independent Pension Advice from Lazenby’s, Leeds

Planning for a secure and fulfilling retirement starts with personalised pension advice. At Lazenby’s Financial Services in Leeds, our independent advisors will help you to make informed decisions about your pension, ensuring a comfortable and worry-free future.

Independent and Unbiased: We prioritise your best interests, offering clear, unrestricted advice tailored to your unique circumstances.

Building Long-Term Relationships: We get to know you, your risk tolerance, and your retirement goals to develop a robust pension plan that evolves with your needs.

Clear Communication: We explain complex pension concepts in plain English, ensuring you understand every aspect of your financial future.

NB: The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Defined Contribution Pension v Defined Benefits Pension

Our advisors can help you understand the key differences between Defined Contribution (DC) pensions and Defined Benefit (DB) pensions. This knowledge will help you to make informed decisions about your retirement savings.

NB: While we can provide general information and guidance on pension matters, we are not authorised to give specific advice on pension transfers. For comprehensive pension transfer advice, please consult with a firm that holds full pension transfer permissions.

Maximising Your Retirement Income

Intelligent Investment Strategies

We factor in inflation, life expectancy and your risk tolerance to create a tax-efficient investment plan for optimal growth.

Personalised Portfolio Management

Your dedicated advisor regularly reviews your investments, ensuring they remain on track to meet your retirement goals.

Proactive Reviews and Adjustments

We hold regular meetings to discuss your portfolio performance and adapt your plan as needed.

Gain Control of Your Financial Future

Comprehensive Review

We assess your existing pensions and investments, providing a clear picture of your current and projected retirement income.

A Range of Investment Options

We offer access to a variety of proven pension and investment funds suitable for your risk tolerance and goals.

Tangible Results

Our goal is to deliver a customised pension plan that generates the financial security you need for a comfortable retirement.

Start Planning for Your Dream Retirement Today

Free Consultation: Schedule a no-obligation meeting with a qualified pension advisor to discuss your unique needs and explore how Lazenby’s can help you achieve your retirement goals.

Take Charge of Your Future: With our expert guidance, you can make informed decisions about your pension and confidently look forward to a secure retirement.

Experience the Lazenby’s Difference: Benefit from our personalised approach, market-leading products and unwavering commitment to your financial well-being.

NB: The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested. Past performance is no indicator of future performance, and investments can go down as well as up.

Contact Lazenby's Financial Services and embark on a successful journey towards a happy and financially secure retirement.

Pension FAQs

What type of pension do I have?

Understanding your existing pension is crucial. There are several types in the UK, including:

• State Pension: A government-provided pension based on your National Insurance contributions.

• Workplace Pension: Offered by many employers, often with employer contributions.

• Personal Pension: A private pension plan you set up independently.

• Defined Benefit Pension: (Less common now) Offers a guaranteed income in retirement based on your salary and years of service.

• Defined Contribution Pension: The value of your pension pot depends on your contributions and investment performance.

If you’re unsure of your pension type, you can usually find this information on payslips, annual pension statements, or by contacting your employer or pension provider.

How much should I be paying into my pension?

The ideal contribution amount depends on several factors:

• Your age: Starting young allows contributions to benefit from compound interest.

• Retirement goals: The desired lifestyle in retirement influences contribution needs.

• Existing pension pot: Existing savings will affect the additional contributions needed.

A financial advisor can help assess your specific situation and recommend a suitable contribution amount.

When can I access my pension?

The current minimum age to access your private pension in the UK is 55 (subject to change). However, accessing your pension early may trigger tax implications. There are also options for taking your pension as a lump sum or receiving a regular income. A financial advisor can guide you through the available options based on your circumstances.

What are the different ways to access my pension?

There are two main options for accessing your pension:

• Annuity: This converts your pension pot into a guaranteed income stream for life.

• Income drawdown: This allows you to take withdrawals from your pension pot while leaving the remaining amount invested. This approach offers flexibility but carries investment risk.

Choosing the best method depends on your individual needs and risk tolerance. A financial advisor can help you evaluate the options and make an informed decision.

Do I need a financial advisor for pension advice?

Pension planning can be complex, especially with different types of pensions, tax considerations, and investment decisions. A qualified financial advisor can offer valuable benefits:

• Understanding your pension: They can help you understand your existing pension options and their implications.

• Retirement planning: They can help you develop a personalised plan to achieve your retirement goals.

• Investment advice: They can recommend suitable investment strategies to grow your pension pot.

• Tax optimisation: They can advise on maximising tax benefits associated with pensions.

How can I find a financial advisor for pension advice?

Several resources can help you find a qualified financial advisor for pension advice:

• The Financial Conduct Authority (FCA) Register: This register lists authorised financial advisors in the UK. You can search based on location and expertise.

• Recommendations: Ask friends, family or colleagues for recommendations of financial advisors they trust.

• Professional organisations: Look for advisors who are members of professional bodies like the Chartered Institute for Securities & Investment (CISI).

Remember, it’s important to choose a financial advisor you feel comfortable with and who understands your needs.