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As a self-employed professional, planning for your retirement can feel daunting, but it doesn’t have to be. At Aspect Life & Pensions, we offer a range of pension options designed specifically for those who work for themselves, helping you build a secure financial future. Here are some pension options to consider: ● Personal Retirement Savings Account (PRSA): A flexible option for self-employed professionals, allowing you to make regular or lump sum contributions with tax relief benefits. ● Executive Pension Plans: Tailored for business owners, this pension allows higher contribution levels, providing tax efficiency while building your retirement savings. ● Maximise Your Tax Benefits: As a self-employed individual, making regular pension contributions can significantly reduce your tax liability, making it a smart move for both your short-term and long-term financial health. No matter your situation, it’s never too early to start planning for a comfortable retirement. Our expert advisors are here to guide you through the options and help you choose the best pension plan to secure your future. 🔗 https://lnkd.in/eFEg_-6H Aspect Financial Service Limited t/a Aspect Life & Pensions , Aspect Mortgages is regulated by the Central Bank of Ireland #SelfEmployed #PensionPlanning #RetirementSecurity #TaxRelief #AspectLifePensions

Only 1 in 3 people have confidence in their pension in Ireland 🚨 In a survey of 16,000 respondents across 15 countries, this was one of the top findings for Ireland, reinforcing that people feel insecure about the financial security and standard of living they will receive from their pension Learn more about these findings 👇 https://lnkd.in/efCXws38 If you want to take full control of your Retirement and Pension Plan learn more about our tailored service offerings here 🔗 https://lnkd.in/ebNTjJcQ #Retirement #PensionPlans #Pension

Today marks the beginning of Pension Awareness Week. The campaign is designed to encourage everyone (of all ages!) to #PayYourPensionSomeAttention – boosting pension awareness and engagement. The key takeaways? 1.   Find out if you have any lost pensions at https://lnkd.in/g6NUHgR  2.   Log into your pension accounts to find out what you’re predicted to get when you retire. Avon Pension Fund members can log in to their secure online portal, ‘My Penson Online’ at https://lnkd.in/ewQEUnBy - there you can download your Annual Pension Statement, update your expression of wish form and run your own estimates. 3.   Do some research on how much you’ll need to comfortably live in retirement, accounting for any plans your future self may have. To help, visit https://lnkd.in/gyMVV9E #LGPS #PYPSA #PensionAwarenessWeek #PAW24 #PensionAttention

Happy Pensions Awareness Day! 🎉 Save on tax by contributing to your pension. Why Contribute to Your Pension? 💸 Tax Savings: Contributions are tax-deductible. For example, putting £1,000 into your pension could save you between £190 and £720, depending on your tax rate. 🏦 Securing Your Future: Build a solid financial foundation for your retirement. 📈 Potential Growth: Watch your pension investments grow over time, increasing your retirement fund. Interested in learning more? Comment "I want to save money with a pension" for a free discussion on how pension contributions can benefit your business and personal finances! #TaxSaving #PensionPlanning #FinancialAdvice #Dartford #FutureSecurity

💼 Ready to turbocharge your pension savings? Here are the top 3 strategies to amp up your retirement funds! 💰🚀 1. **Start Early, Save Often**: Time is your best friend when it comes to pensions. The earlier you start contributing, the more time your money has to grow through compound interest. Make regular contributions a habit to maximize your retirement nest egg. 2. **Maximise Tax Relief**: Take advantage of tax incentives offered by pension contributions. By contributing to your pension, you not only save for retirement but also reduce your taxable income, effectively giving your savings an extra boost. 3. **Diversify Your Investments**: Don't put all your eggs in one basket! Diversifying your pension investments across a range of assets can help manage risk and maximise returns over the long term. #PensionSavings #FinancialPlanning #retirementgoals **This post should not be considered financial advice and you should contact me directly or another FCA regulated independent financial advisor before making any decisions**

Retirement can seem a long way off, but there are things you can do today that can help improve your pension saving and contribute to the retirement you want in later years. “Checking your pension pot once a year, and using a retirement calculator to estimate your income, can bring peace of mind that your retirement plans are on track, or prompt you to make any necessary changes." Lizzy Holliday, NOW: Pensions Director of Public Affairs and Policy Let’s celebrate this #PensionAwarenessDay together. Read our latest blog to find out more on 3 ways to pay your pension some attention: https://lnkd.in/eK_spXyT Pay Your Pension Some Attention #PensionAttention #PlanForTomorrow #nowpensions #PayYourPensionSomeAttention

Half of pension contributors are unaware of annual fees diminishing their retirement savings. On average, contributors pay an additional 2.5% in charges which they may be able to reduce by switching providers. Recent research by MoneyFarm found only 18% of people know the charges being applied to their pension - 76% are unaware of the VAT on their pensions. For example, a 40-year-old with £40,000 in savings, aiming to retire at 67, with an annual growth of 5% and a 2.5% pension charge, will have a pot worth £78,000 without further contributions. However, with a 1% pension charge, the pot would be worth £115,000-a 48% difference at retirement. Read more at: https://buff.ly/4cfwBuA Get in touch with our team about pension advice. #ashleys #ashleysaccountants #pension #pensionadvice #hitchin #accounting #accountant #retirement #personalfinance

Planning for retirement might seem like a distant concern, especially for young adults starting their careers. But understanding pensions and how much to contribute early on can make a SIGNIFICANT difference in your golden years. When it comes to contribution rates, there are two main considerations. Minimum contribution and recommended contribution. Minimum contribution is the baseline contribution set by the government. Your employer will automatically enroll you in a pension scheme and deduct this minimum contribution from your salary. However, financial experts often suggest a higher percentage as a recommended contribution level to ensure a more comfortable retirement income. If you're unsure about what makes the most sense for you in your specific situation, talking to a professional can make a world of difference. If you'd like to find out more, you can get in touch. We'd be happy to discuss your retirement goals and give you options on how to reach them. #Retirementplanning #Financialadvice #Goldenyears #Pensionplanning #Pensions

Boosting your pension pot before tax-year end Using the full range of tax breaks available on ISAs, pensions, dividends and capital gains will help boost your pension pot, ready for your retirement. 🏌♂️ Retirement takes a lot of planning. And the more you can save, the more life choices you’ll have in later life. But nobody is unaffected by the continuing cost of living crisis, so whatever you can save, it makes sense to be as tax efficient as possible. 😎 The turbulence of the past couple of years has made many people rethink their long-term life plans. In particular when they retire, and how they want to spend their retirement. Coming up to tax year-end is a good time to talk your plans through with a financial adviser and discuss making any changes. 💡 #forwardthinking #wealthmanagement

Don't know where to start with pension planning? Don't worry, Reeves Independent has got you covered. With over 25 years worth of experience, our team of expert financial advisers will help you answer the most important questions. Whether you're wondering if you can retire and still afford the things you love, what to do with multiple pension pots, if you should transfer your pension, or if you can retire early, Reeves will simplify the complex world of pensions so you can focus on what really matters and enjoy the retirement you desire. Book a free review today to start your journey towards achieving your retirement goals. ➡ https://lnkd.in/eG3b8jqY ⬇ See below for a beginner's guide to pensions. #pension #pensionplanning #pensionadvice #retirementplanning #retirementsavings #retirementgoals #finance #money #wealth #brighterfuture