Pensions

H & L Balen & Co offer advice with regard to retirement planning.  We will help you to assess your future income needs and plan to fund your income requirements through a balanced portfolio, which includes Personal Pension Planning.

Alternatively, if you feel you would prefer to make all those decisions yourself, we can provide a pack that offers a Stakeholder Personal Pension Plan (charges are very low, and it is totally flexible) that gives all the information you need to make an informed decision.  All you need to do is tell us your date of birth, your expected retirement age and how much you can afford to contribute to the plan each month, and we will produce the pack together with an illustration of the possible benefits your contributions would buy at retirement.  Call 01684 581 876, or email carol@balen.co.uk

If you are planning to retire, H & L Balen & Co can help you consider your options.  Did you know that almost all personal pension providers offer the option to use the fund you have built at retirement to puchase an annuity from the life company that offers the best terms in the market?  This is known as the 'Open Market Option'.  Most providers do not penalise policyholders on transfer, whilst some reward policyholders' loyalty by allowing a bonus if the Open market Option is not exercised.

Despite the Government's recent 'Pensions Simplification' legislation, pensions remain a complex area, and H & L Balen & Co have had over a half century of providing good advice in this area.