It is important to plan ahead for your retirement. In partnership with Edward Mellor Pensions, we can advise you on your best pension and financial options that are available to you. The information below is for guidance only and for advice on your specific circumstances, you will need to speak with one of our Pension Specialists.

Automatic Enrolment for Employees

Automatic enrolment into a workplace pension is an easy, hassle-free way for workers to save for their retirement while they are earning. Your employer must now offer a workplace pension scheme by law and your employer must automatically enroll you into a pension scheme and make contributions to your pension if you are eligible. Employees are able to opt out.

Automatic Enrolment for Employers

The government introduced a new law designed to help people save more for their retirement. It requires all employers to enrol eligible workers into a workplace pension scheme. Employees are able to opt out.

What is a Personal Pension?

A Personal Pension is for you if you are employed and not in a company pension scheme or can be an addition to a company pension. Personal pensions are available for self-employed or if you do not work if you are able to money aside for retirement.

How Personal Pensions work

The fundamental idea of a personal pension plan is simple. It is a personal contract between you and the pension provider and there are a number of personal pension plans available. The money you will receive at the age of retirement will usually depend on, how much money has been paid into the ‘pot’, how the funds’ investments have performed and if they increase or decrease over time, and how you decide to take your investment at retirement age. Regular or individual lump-sum payments to your pension provider can be made.

Pensions & Divorce

A pension is your second-largest asset, and pensions, as well as property, can become a major consideration in any divorce settlement. If you and your ex-partner agree on how to divide money and property you will need to apply for a consent order to make it legally binding.

The Value of Retirement Planning

It is important to plan for your retirement, but many of us are not planning well or early enough. For those approaching retirement, there are many ways to fund retirement which can be confusing when preparing for retirement.

If you would like to speak to a Pension Specialist you can call 0161 532 3510 (select option 2), or complete our contact form and we will get back to you.

Find a Property.

Get in touch.

By completing this form, you agree to Meller Braggins Estate Agents Terms & Conditions and Privacy Policy. Data may also be used to send relevant property news and marketing tips.

Latest News

7th January 2022

The 2022 Cheshire Lettings Legislation Guide

Being a Cheshire landlord means keeping on top of the ever-changing legislative landscape. 2022 will see new l...

Read More
17th December 2021

What's in store for the Cheshire property market in 2022?

Despite the COVID-19 pandemic, the Cheshire property market has remained competitive as ever throughout 2020 a...

Read More
26th November 2021

How long do you plan to stay in your Cheshire home?

Buying a Cheshire home, whether for the first time or not, is a momentous occasion. There are a number of ques...

Read More
Find the perfect property. Sign up for Property Alerts
Copyright Meller Braggins Estate Agents 2023.
Website Design Property Webmasters