Amethyst Independent Financial Advisers

What are my options for taking my pension? You’ve spent years paying into one or possibly more pension schemes and now you’re at the point of retiring, you are likely wondering what options there are for your pension pot.
Upon retiring, people would traditionally use their pension pot to purchase an annuity and that would then provide them with an income for the rest of their life. However, since the introduction of pension freedoms in April 2015, there has been the option of... the more readily available flexi-income drawdown product and some people are even opting for a combination of both.
Let’s take a look at your options and some of the pros and cons of each:
Annuity: this is an insurance contract for which you pay the provider a lump sum (usually your entire pension pot) and you are then provided with a guaranteed income for the rest of your life.
There are varying different types of annuity, but the advantage is that they are all at the risk of the provider and not the retiree, giving you full security in your later years. A disadvantage of this particular type of product is that you cannot cash it in, so once you have selected your product, your savings will only be available to you in the form of your annual income.
Flexi-income drawdown: this is a product which enables you to access your savings at any time, while investing the remaining amount to provide an ongoing income throughout your retirement.
With a flexi-income drawdown, you have the option of accessing your savings at any time. The flexibility of this option means you can decide at any time whether to take the whole lot, withdraw cash “as and when”, or set up a regular income stream and investing the remaining amount of your pension pot, however that amount is subject to the varying value of your investments and so is less secure.
Both options are subject to the same 25% tax exemption and, in fact, another option is to combine the two.
Because of pension freedoms, there are now more attractive options for annuities and so an alternative route is to use your tax-free lump sum of 25% to purchase an annuity, while investing the rest in a flexi-income drawdown to adapt to your future needs.
There is a lot to think about when choosing a retirement option.
At Amethyst we can work with you to help you choose the best plan for your circumstances and how you can best save for your future, just get in touch and we will do the rest.
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December – the time of year that many of us are running around the shops, desperately trying to think of the perfect present for friends and family. Whilst smellies and slippers are lovely to have, perhaps a more worthwhile present this Christmas would be some estate planning for your family.
At Amethyst we can help you with an estate plan to set up how you want to distribute everything you own and can help you select the most appropriate trust for your beneficiaries.
Contact... us... Phone: 0191 257 6704 Email: info@amethyst-ifa.com
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December – the time of year that many of us are running around the shops, desperately trying to think of the perfect present for friends and family. Whilst smellies and slippers are lovely to have, perhaps a more worthwhile present this Christmas would be some estate planning for your family.
At Amethyst we can help you with an estate plan to set up how you want to distribute everything you own and can help you select the most appropriate trust for your beneficiaries.
https:/.../amethyst-ifa.com/the-best-gift -you-can-give-your-f…/
Contact us... Phone: 0191 257 6704 Email: info@amethyst-ifa.com
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Thomas Cook is the latest big employer to collapse, and when companies go into administration many workers panic about their pension funds.
There is an industry body which protects people’s pensions, it is called the Pensions Regulator.
But certain pensions are better than others when it comes to protecting against company failure.
... Contact us to discuss your situation/options...
Phone: 0191 257 6704 Email: info@amethyst-ifa.com
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Thomas Cook is the latest big employer to collapse, and when companies go into administration many workers panic about their pension funds.
There is an industry body which protects people’s pensions, it is called the Pensions Regulator.
But certain pensions are better than others when it comes to protecting against company failure.
... Contact us today to find out more and discuss your situation/options...
Phone: 0191 257 6704 Email: info@amethyst-ifa.com
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Pensions have hit the headlines again recently, after it was revealed that a government think tank recommended raising the state pension age to 75.
Research last year showed that over half of all Brits (51%) are burying their head in the sand and have nothing saved for retirement.
So if you haven’t given the subject much thought yet- what can you do now, to make sure you are building a decent pension?
... Contact us today...
Phone: 0191 257 6704 Email: info@amethyst-ifa.com
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Pensions have hit the headlines again recently, after it was revealed that a government think tank recommended raising the state pension age to 75.
Research last year showed that over half of all Brits (51%) are burying their head in the sand and have nothing saved for retirement.
So if you haven’t given the subject much thought yet- what can you do now, to make sure you are building a decent pension?
... Contact us today...
Phone: 0191 257 6704 Email: info@amethyst-ifa.com
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Do you wish to arrange a new mortgage or remortgage?
Are you looking to purchase your first or next property? Do you need to remortgage an existing residence? Are you aiming to raise capital, make home improvements, consolidate debt or secure a loan?
At Amethyst we source your mortgage from the whole of market, by researching your needs for a specific mortgage type e.g. fixed/tracker rates. We will make a recommendation based on your needs and apply for the mortgage and proce...ss until completion.
Contact us today... Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
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Are you interested in making ethical investment? Would you like to focus on organisations that make a difference, in the areas that are important to you?
At Amethyst we have a range of 40 portfolios available to our customers, which align to your Ethical Profile and Risk Grade, depending on your tolerance for risk and capacity for loss.
Our ethical portfolios can be used in both Investment and Retirement planning. We have both Risk and Ethical questionnaires to identify the m...ost suitable portfolio for your individual needs and circumstances.
Contact us today... Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
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Do you want peace of mind that should the worst happen, you have financial protection in place for your family or mortgage?
Do you need financial protection in place for your business, or a business you are controlling, in the event of death or critical illness?
At Amethyst we will discuss and review your current objectives and existing plans and then identify the most appropriate protection strategy with you for your individual needs and circumstances. We will then make a re...commendation based upon this and implement the plan together.
Contact us today... Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
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Do you wish to review the inheritance tax liability of your estate and understand how to reduce this?
Do you require a plan to aim to ensure monies are distributed as per your wishes in the event of your death?
At Amethyst we advise clients who wish to control how their money is passed on in the event of their death, assess/plan for the implications of inheritance tax and plan investments tax-efficiently to aim for reduced exposure to tax liabilities.
... Contact us today... Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
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Are you considering making an investment to boost your income, increase capital growth or a combination of both?
At Amethyst we have expertise in a combination of tax-efficient investment and careful risk management. We have been successfully investing monies for our clients for many years and can identify the best strategy for you.
Contact us today...... Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
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Is it time for you to consider your retirement options? Are you confident that your existing pension funds match the level of risk you are comfortable with? Might now be a good time to have a conversation about the potential of your pension?
Contact us at Amethyst Independent Financial Advisers, we can advise you on all things retirement. We offer a FREE initial consultation, with no obligation.
Telephone: 0191 257 6704... Email: info@amethyst-ifa.com
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Imagine you were starting out on a long car journey. You would make sure you had the address for where you wanted to go, buy your refreshments for along the way, and get your favourite radio station on…
Then you’d hit the road.
But you wouldn’t expect to get there without checking your sat nav to see where you were, and the route you needed to take to get to your chosen destination would you?
... All sorts of things can come up along the way and affect the journey – road closures, traffic jams, a brand new high speed motorway, a couple of extra passengers – and your path to retirement is no different.
Contact us today: Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
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Imagine you were starting out on a long car journey. You would make sure you had the address for where you wanted to go, buy your refreshments for along the way, and get your favourite radio station on…
Then you’d hit the road.
But you wouldn’t expect to get there without checking your sat nav to see where you were, and the route you needed to take to get to your chosen destination would you?
... All sorts of things can come up along the way and affect the journey – road closures, traffic jams, a brand new high speed motorway, a couple of extra passengers – and your path to retirement is no different.
Contact us today: Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
https://amethyst-ifa.com/reviewing-your-p ension/
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If you are looking at how you are going to fund your retirement you might also be wondering how to know what you can afford to spend now.
You don’t want to leave yourself short, but you don’t want to missing out on living life to the full – this is where cash flow modelling comes in.
You might be wondering ‘what is cash flow modelling?’ and why it could be useful. Cash flow modelling is something which can be used to look at your current situation and forecast your future fin...ancial position.
Contact us today: Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
https://amethyst-ifa.com/cash-flow-modell ing/
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If you are looking at how you are going to fund your retirement you might also be wondering how to know what you can afford to spend now.
You don’t want to leave yourself short, but you don’t want to missing out on living life to the full – this is where cash flow modelling comes in.
You might be wondering ‘what is cash flow modelling?’ and why it could be useful. Cash flow modelling is something which can be used to look at your current situation and forecast your future fin...ancial position.
Contact us today: Telephone: 0191 257 6704 Email: info@amethyst-ifa.com
See More