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
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
Stocks & Shares ISA
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
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
Kidderminster
Worcestershire
DY10 1AF
Phone
07753 761 296
07507 882 984
luke@bbi-ifa.co.uk
Office Hours
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