Contact Us

Villars Hayward LLP
Boston House, Boston Road
Henley-on-Thames RG9 1DY

Tel: 01491 411077   Fax: 01491 410199

Planning for a comfortable retirement

With the average UK worker likely to see their income fall by 53% upon retirement, sound planning is essential to achieving the desired standard of living in later years.

In our experience, too many individuals are still heading towards retirement without adequate savings, and personal debt is a significant problem in the UK. Meanwhile, life expectancy is continuing to rise, contributing to a general shortage in the state pension pot.
Investing in a pension scheme, whether a company or a personal scheme, allows you to enjoy tax breaks on your pension savings. These are tax reliefs as you invest, and a partially tax-free regime for your savings. Your employer can also contribute and obtain tax relief.

Scheme managers can provide pension forecasts to help you judge whether you are saving enough, and what additional savings you might have to make in order to generate the income you will need in retirement.

Pension contributions based on 2008/09 earnings must be paid by 5 April 2009. Tax relief is available on annual contributions limited to the greater of £3,600 or the amount of UK relevant earnings, but subject also to the annual allowance.

While you are waiting for your pension forecast from your pension provider, why not begin to put together a forecast of your spending needs, post-retirement - starting by looking at what you are really spending now?

We can help you to plan for a financially secure retirement. Call us for further advice and assistance.