Pension Advice & Plans

By putting an individual’s requirements at the forefront of the pension planning process, Lycetts is able to manage and meet a client’s retirement objectives.

The pension freedom rules introduced in April 2015 have seen dramatic changes to pensions. The biggest change affecting anyone making provision for retirement is the ability for individuals to take the whole of their pension fund at retirement as a lump sum. 25% of this is tax-free and the remainder is taxed as income. Whilst the death benefits of pensions can also provide individuals with a tax efficient way to pass assets down from generation to generation.

There is a wider choice on how we control our retirement savings. Lycetts believe that pensions not only play a much greater role in meeting objectives for retirement but also other areas of financial planning.