Our advisers have obtained the highest level of qualification in UK financial services
With decades of experience between them our advisers have seen it all.
We use the best tools available to make sure our research is as good as it gets.
We invest heavily in expert compliance support to ensure our staff and processes are always under scruitiny.
We have relationships with tax and legal experts to provide you with a holistic support network.
A service agreement with us means you will be able to speak to your chartered adviser. You won’t be stranded with someone else.
Pensions come with generous tax benefits.
Contributions attract tax-relief, so the tax you paid on your income is added to your personal contributions. You can take up to 25% of your fund tax-free when you retire.
Your pension fund can also be passed to your dependents (although a variety of tax rules may apply at this time depending on your circumstances)
We are proud of our independence.
It means no-one tells us what to do but you.
You can trust us to put your needs and goals first.
We are a chartered firm and our advisers hold chartered status.
This puts us in the small elite number of firms in the UK, and means we uphold the highest standards.
Our advisers will take the time to understand exactly what you need protected and why, and advise you on the most suitable options for your budget.
All pensions provide tax-relief on contributions. This means the tax you would have paid on earned income is added back into your plan. If you pay £100 from your bank account, £125 is added to your pension. (based on current tax rates). Higher-rate taxpayers can claim the difference in their tax return.
Many employers provide workplace pension plans, but these may provide limited options. A personal pension plan gives you the widest possible choice. (Note that employer contrbutions to a workplace pension are valuable, so be careful not to give these up without a good reason.)
Annuities used to be the only option when you retired. Now, you can take any or all of your benefits in the best way to suit you, so you can maximise your options and minimise the tax you pay.
A personal pension plan provides the best combination of accesbility, price, flexibility, investment choice and tax benefits.
Take a lump sum from your plan tax-free
When you take the benefits from your plan, you are entitled to 25% of it tax-free. This is called the Pension Commencement Lump Sum, or PCLS. You can take this all in one go, or spread it out over time to minimise your income tax.
Access on your terms
When you retire, you can take your money in the way that suits you. It could be regular monthly income, or ad hoc payments whenever you need cash. Careful use of your PCLS can reduce your income tax too.
Benefit from long-term compound returns
You can’t access your pension before age 55, which makes it an ideal way to invest for the long-term because you can’t be tempted to get at your savings early. So be careful when you invest in a pension. It’s important to save for tomorrow but you also have to pay for today.
BBi Financial Planning
The Old Court House
191 High Road
South Woodford
London
E18 2QF
Tel: 020 8559 2111
Email: enquiries@bbifp.com
BBi Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority. Our registration no. is 652403.
