imperial Chartered UK Pension PLanning

Understanding
State Pensions

The State Pension gives you a regular taxable income for the rest of your life. It is not means-tested, but the amount you get depends on how many qualifying years of National Insurance contributions or credits you have built up.

The State Pension changed on 6 April 2016. If you reach State Pension age on or after that date, you will get the new State Pension under the new rules. The new State Pension is designed to be simpler than the old system, but there are some complicated changeover arrangements which you need to know about if you have already made contributions under the old system. Make pension planning an important part of your wealth preservation strategies for a happier retirement. 

You will receive the state pension when you reach the Government’s official retirement age. Your retirement age depends on when you were born. You can find out your retirement age using the Government’s State Pension Age Calculator.

Your state pension forms an integral part of your overall pension plan; it serves as regular income on top of your private or workplace pensions.

With the introduction of pension freedoms, you are now free to access your pension how you like. Knowing that your state pension will kick in when you reach your official retirement age, you can plan accordingly. 

With careful planning, your state pension can form an important role in helping you get the retirement you want. Talk to our independent financial advisers today about your pension planning strategies. 

Imperial Chartered is the trading name for Imperial Wealth International Ltd. Imperial Wealth International Ltd is a registered company in England & Wales, registration number 10740028. Imperial Wealth International Ltd is authorised and regulated by the Financial Conduct Authority, registration number 823943.’

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*Please Note

“The value of your investments can go down as well as up, so you could get back less than invested”, “A pension is a long term investment. The fund value may fluctuate and can go down” and “Your eventual income may depend on the size of fund when accessed, interest rates and legislation”.

“The Financial Conduct Authority do not regulate tax planning advice”.

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