Don't simply retire from something; have something to retire to

Avoid the stress of shopping around for the best retirement plan and let us do the shopping around for you.

An adequate sustainable income during retirement is crucial to your well being. Our bespoke financial plan will help you manage your income during retirement, budget your day to day finances, prevent any unnecessary stress and allow you more time to enjoy your retirement.  

Our service provides

Whole of market research to find the best products

We shop around on your behalf to ensure you are getting the best retirement product to suit your lifestlye and future plans.

We take care of the paperwork

Leave the paperwork to us – we’ll take care of it and simplify everything to eliminate any misunderstanding and delays.

Updates on industry changes

We keep you up to date with changes in pension laws and taxation to ensure you do not encounter any significant implications.

One to one reviews of your pension performance

We provide regular reviews and monitoring to update you on your pensions performance.

Ongoing Adviser support

We’re committed to our clients and providing an excellent service. Get in touch anytime you have a question and we’ll be happy to help.

Office and Home meetings

You can choose to meet with us at our office or in the comfort of your own home, whatever you prefer.

''Since moving to BBI we find the concept and ethos of the Company’s approach to us and our diversified financial requirements eye opening and breathtakingly refreshing from our past experiences. I would like to thank you for the personal attention you have given us...''

Mr & Mrs K Foley

Bespoke retirement planning tailored to your objectives

At some point in the future, most of us want to down stop working, but still be able to continue a relatively good standard of living while crucially not having to cut spending too drastically. There is a clear need for continued income from somewhere. This will normally involve using the income and capital sums earned during our working lives.

Pensions remain one of the most efficient but at the same time most complex ways to save. Due to new ‘pension rules’ there are more flexible options available that can be used to your advantage. We can now use a ‘pension wrapper’ to hold a portfolio of investments which is then sheltered from tax allowing these funds to grow extremely efficiently.

Regardless of the medium used to accumulate the savings, careful planning to ensure that you are saving enough on a monthly or annual basis is critical. Regular reviews to assess investment returns, inflation, charges, annuity rates and volatility are paramount to keep the target retirement income on track.

Our regular one to one reviews keep you up to date, covering items such as investment performance, changes in taxation and regulation along with cash flow forecasts for the years ahead.

Book your free initial consultation today

Speak with one of our Advisers today, and see how we can help you make the most of your financial planning needs.

Pension freedom solutions

Income Drawdown
An alternative to purchasing an annuity is to leave your pension invested, and take a portion of the pension pot each year as an income, hence the phrase ‘income drawdown’. The pensions changes that came into effect in April 2015 make it easier than ever to take an income from your fund.

Income drawdown which you may also hear referred to as an unsecured pension – has the advantage of possibly leaving your family a legacy when you die as your pension pot will pass on to your family according to your wishes. Depending on the age you are when you die, the unused pension pot you pass on may be tax-free. If you are under 75 when you die, your dependents will receive a tax-free payment. If you are 75 or older, the payment is taxable at the beneficiary’s income tax rate.

Investment Portfolio
Investment portfolios are made up mainly of securities, such as stocks, bonds, mutual funds, money market funds and exchange traded funds. Their ability to diversify into different asset classes can be a distinct advantage in reducing investment risk. Investment portfolios can be tailored to your specific risk profile.
Stocks & Shares ISA
Stocks and shares ISAs are free from both income tax and capital gains tax (CGT), which can be charged at up to 28% if you make a gain of more than the annual CGT allowance of £11,300.

You can transfer money invested either this year or in previous tax years between both cash and stocks and shares ISAs without losing the tax-free status – as long as you do not physically withdraw the money.

And the good news is that you can now shelter up to £20,000 from tax in an ISA, either in cash or in stocks and shares.

Equity Release
Equity release is the name given to a range of products that let you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, with some schemes, several smaller amounts. There are two main equity release options:

Lifetime mortgage: you take out a mortgage secured on your property. Unlike an ordinary mortgage, you don’t normally make any repayments while you’re alive. Interest is added to the loan and the loan amount and interest are paid back when you die or when you move house.

Home reversion: you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, but you have to agree to maintain and insure it.

Benefits of the BBI blended approach

Income diversification

Using a blended approach for the provision of income will reduce the risk of loss to any one income source. For example, if you solely relied upon one income channel (i.e. pension, buy-to-let property, cash savings) and that suddenly reduced or stopped it could have a significant impact on your standard of living.

Tax planning

Is it more tax efficient to take an income from a pension, a buy to let property, an ISA, an offshore bond or an investment portfolio? Do you make full use of your capital gains tax annual exemption? By using a blended approach you gain the flexibility to make full use of your tax allowances.

Succession planning

When you die is it best to leave your legacy in property, cash, bonds, pension or indeed any other asset class? Contrasting asset classes could incur various probate and inheritance tax scenarios which could seriously damage the wealth of your beneficiaries. A blended approach could help mitigate costs to your estate.

Request a callback today and let us help you achieve your financial goals

Address

28-29 New Road
Kidderminster
Worcestershire
DY10 1AF

Phone

01562 68926
07753 761 296
07507 882 984

Email

dale@bbi-ifa.co.uk
luke@bbi-ifa.co.uk
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Office Hours

Mon – Fri
9am – 5pm

BBI IFA

BBI Independent Financial Advisers Authorised & Regulated by The Financial Conduct Authority. The value of your investment can go down as well as up and you may not get back the full amount invested. The Financial Conduct Authority does not regulate Taxation and Trusts. Your home may be repossessed if you do not keep up repayments on your mortgage. FCA No. 471166