One of the first conversations that we have with our clients is about how Retirement planning is not just about Pensions. It is in fact about tax and access to your money. The reason that Pensions are so popular is that they are the most tax efficient products available in the UK. However, with the one hand the Inland Revenue gives you a lot of tax incentives to save in Pensions, but with the other it takes away access to your money.
At Somerset Group we endorse a more holistic approach to Retirement Planning, incorporating a range of products that allows you to draw an income in retirement in the most tax efficient manner, depending on your situation at that time. While also giving you access to lump sums of capital when required. This approach gives you more control over your finances and therefore, more control over your life.
The Somerset Group is completely independent and able to advise on all financial products.
Through our website clients can log on and view up to date valuations of all their investments.
