Pension & Retirement Planning

You probably have several different investments and other assets that can provide income in your retirement, and that you may perhaps also wish to leave to your family. There could be different pensions from different sources. You are likely to have a state pension and other pension entitlements that have built up over the years, perhaps from several employers.

You may also have savings and investments you have accumulated over your working life or from inheritances. You probably also own your home, which may now be larger than you really need, and you could possibly use some of its value to boost your retirement income.


Take advice


Some decisions you take for your retirement may be permanent, for example, if you decide to buy an annuity. Others, like the investment of a retirement lump sum, may need to be regularly reviewed.


Making the right investment choices at retirement is so important that you owe it to yourself and your family to take planning seriously. It is best to start long before your intended retirement date because gathering all the relevant information and weighing the various options can be a slow process. 


ISAs, JISAs, and LISAs currently have two possible investment components:

1. The stocks and shares component


Shares listed on any recognised stock exchange and certain other exchanges, such as AIM (alternative investment market), can be held in the stocks and shares component of an ISA. Some, but not all, AIM shares are eligible for inheritance tax (IHT) business property relief after two years of ownership.

● All Financial Conduct Authority (FCA) authorised retail funds – i.e. virtually any trust, open-ended investment company (OEIC), or undertaking for collective investment in transferable securities (UCITS) – are eligible for ISA investment.

● Corporate bonds and EEA government securities are also eligible investments, regardless of the term to maturity.

● Cash can be held in the stocks and shares component without restriction.

● The stocks and shares component can also include life assurance, although this is now extremely rare. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances

2. The cash component


This may be invested in a bank or building society deposits as well as money market unit trusts that hold deposits rather than securities. National Savings & Investments offers a single ISA product, the Direct ISA, to all investors. At the time of writing, there were only a handful of providers that offered a cash component LISA.


Inchmead Financial Services Limited is a joint venture with Beaufort Financial (Wokingham) Ltd.  Beaufort Financial is a trading name of Beaufort Financial (Wokingham) Ltd, an appointed representative of Beaufort Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority. Beaufort Financial (Wokingham) Ltd is registered in England & Wales. Company No. 12495066.


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