Pension planning is essential if you hope to live comfortably in your later years. For most, it takes a great length of time to accumulate enough money to fund you through retirement, when you no longer have your income, especially as a contractor or self-employed worker.
At 40 you only have 300 paydays left until you’re 65. Whilst 65 might feel like it’s a long way away, planning for your retirement should happen long before you want to think about actually retiring.
18.4 million people in the UK either have no pension or are unaware that they have one, meaning either way they have no active plan in place for their retirement.
It is not a requirement by law to set up a personal pension, but they do offer substantial tax breaks, that in the long run could save you a lot of money.
Creating a pension plan and keeping on top of it is easier said than done, so it may be worth considering the services of a financial advisor. For more information, please fill in your details below.
Creating a pension plan and keeping on top of it is easier said than done, so it may be worth considering the services of a financial advisor. For more information, please fill in your details below.
Contractor Wealth, the sister company to CMME are on hand to help.
Contractor Wealth are specialists in their field, offering tailored advice for contractors and freelancers. Their extensive knowledge of how contractors and freelancers work will ensure your financial needs and remuneration structure are understood fully.
The team at Contractor Wealth understand that whilst planning for the future and reducing your tax bills, that you also need to maintain some flexibility over your contributions. If you decide to arrange your pension through Contractor Wealth you will have a dedicated Financial Adviser who will work with you throughout the whole process to ensure all of your financial needs are covered. They offer impartial advice to ensure that the plan put in place for your future is best to suit your individual needs and circumstances
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.
Financial advice is given by Contractor Wealth Management Limited which is an appointed representative of Quilter Mortgage Planning Limited and of Quilter Financial Planning Limited who are authorised and regulated by the Financial Conduct Authority. Quilter Financial Planning Limited and Quilter Mortgage Planning Limited are entered on the FCA Register (http://www.fca.org.uk/register) under references 440703 and 440718.
