Retirement Planning

Recent changes in legislation have totally changed how EIS members can access their pensions and plan for their retirement.

State pension age is rising to 68 and the Teachers’ Pension Scheme is following suit but the good news is that you can now plan for this and structure your plans in such a way as to allow you to retire early with much more flexibility than ever before.

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If you need help calculating your benefits under the STSS or want to find out about maximising your income on retirement.
Call us now on 0345 355 3242 to discuss your pension arrangements further.

The current turmoil surrounding pensions has left people with uncertainty and confusion. However, in the long term, pension funds generally grow in value better than many other forms of investment.
The earlier in life you start a pension fund, the longer you have to contribute to it and the longer the fund has to ride out market fluctuations.
When you add in the generous tax allowances from the government, it’s hard to find a better way to plan for retirement than with a pension. Call us now on 0345 355 3242 to arrange a meeting to discuss your pension planning.

Many people have exciting plans for their retirement – perhaps going on the holiday of a lifetime, moving house or taking up new hobbies. But these plans are unlikely to become reality for the many people who have not made adequate pension provision for their retirement.
If you are a member of the Scottish Teachers’ Superannuation Scheme you will know that you are making some provision for your retirement, but will it be enough?
Most Teachers will have a shortfall on their maximum possible Superannuation pension. There are a number of ways to reduce this shortfall and your EIS Independent Financial Adviser can help choose the most suitable method for you. The key to retirement planning is to start as early as possible.
The longer your money is invested, the longer it has to grow! Delaying by even a year or two can make a big difference to the pension you could receive.
Call us now on 0345 355 3242 to discuss your pension arrangements further.

There has been a lot of uncertainty about pensions over the last few years and they are rarely out of the news. Since 2006, the government has changed the face of pension planning dramatically and the Superannuation Scheme is also going through a period of change.
You may have already done something to enhance your pension with Additional Voluntary Contributions (AVCs), Free Standing AVCs or a Personal Pension Plan.
These plans should be reviewed regularly to ensure that they are still suitable and on track to meet your requirements.
Call us now on 0345 355 3242 to arrange a review.

Whether you are approaching retirement or you have recently retired, there are often many areas of concern.
It is not always easy to find someone who can help with Superannuation queries, maximising income from AVCs, and offers sound investment advice.
That’s why we have launched a Retirement Advisory service, which is available to all EIS members and their family.
Some of the main issues we deal with involve investing your retirement lump sum for capital growth or to provide a regular income.
The recent stockmarket volatility has proved a concern for many but there are still a number of options which would give a guaranteed return of capital regardless of what happens in the stockmarket or, often more importantly, a guaranteed income that would help supplement your pension income.
Another relatively recent change to the superannuation scheme – Commutation – gives the option of giving up some of your pension to receive an enhanced tax free lump sum.
An experienced Independent Financial Adviser with an excellent working knowledge of the Superannuation scheme can discuss your requirements and make a firm recommendation based on your individual circumstances.
Call us now on 0345 355 3242 for a consultation.

Any Questions
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