Pensions · Fareham
Pension adviser in Fareham
Thinking about retirement, or wondering what to do with a few old workplace pensions? We help people in and around Fareham make sense of their pensions and plan the income they'll need, explained in plain English, face to face or by video.
Who this helps
Getting close to retirement
You'd like to know when you can afford to stop or slow down, and how to turn your pensions into an income.
Several old pension pots
You've changed jobs over the years and have pensions scattered around. You'd like to know what you've got and whether it makes sense to bring them together.
Self-employed or running a business
You don't have an employer sorting your pension out, and you'd like a plan for what to pay in and how.
What pension advice with us usually covers
Every plan is different, so we'll only know what's right for you once we've gone through your details together. The areas we usually look at are:
- Your existing pensions: what you have, what they cost, and any guarantees or valuable features they include
- Combining pensions: whether bringing pots together would help, or whether some are better left where they are
- Paying in: how much to contribute and how to make the most of tax relief
- Retirement income: the main options, such as drawdown (taking income flexibly while the rest stays invested), an annuity (a guaranteed income for life) or a mix of both, and how each one works
- Tax-free cash: when and how you might take it. Usually up to 25% of a pension can be taken tax free, within an overall limit (the lump sum allowance, £268,275 for most people)
- Your State Pension: how it fits into the bigger picture
How it works
First meeting
A free, no obligation conversation about where you are and what you'd like retirement to look like. See what to expect at your first meeting.
Your plan
If you'd like to go ahead, we'd meet and go through your full details first: your pensions, your income needs, your plans and how you feel about investment risk. We then research your options and set out our recommendation in writing, explained clearly.
Ongoing reviews
If you'd like, we'll review your plan at least once a year as your life, the rules and the markets change. Ongoing reviews are optional. More on your journey with us.
What it costs
Your first meeting is free. If you go ahead, we'll agree the cost with you in writing before any work starts, and you can choose how to pay.
Where we meet
We meet in person across Fareham and nearby areas, at your home or another place that suits you. Remote meetings by phone or video are available if that's easier. Many people we help live in Fareham, Gosport, Titchfield, Whiteley and Locks Heath. See all areas we cover.
Questions people ask
Do I need a financial adviser to take my pension?
For most personal and workplace pensions built up as a pot of money, advice isn't compulsory. If you're 50 or over, you can get free, impartial guidance from Pension Wise, a service from MoneyHelper, which is a good place to start.
Can you help me combine old workplace pensions?
Yes. Before suggesting anything, we look at the charges, any exit fees and any guarantees or valuable benefits each pension has, because you could lose these by moving. Sometimes combining makes sense, and sometimes it's better to leave a pension where it is.
When can I take money from my pension?
For most people the earliest age is currently 55, rising to 57 from 6 April 2028. Some people have a protected earlier age under their scheme's rules. Your provider can tell you what applies to you.
How much does pension advice cost?
Your first meeting is free. If you go ahead, we'll agree the cost with you in writing before any work starts. You can usually pay as a percentage of the amount invested, by the hour, or as a fixed fee. See how we charge for the full picture.
How much of my pension can I take tax free?
Usually up to 25% of a pension can be taken tax free, within an overall limit called the lump sum allowance (£268,275 for most people). What applies to you depends on your pensions and your circumstances.
- Fareham
- Portchester
- Titchfield
- Stubbington
- Hill Head
- Lee-on-the-Solent
- Gosport
- Locks Heath
- Park Gate
- Warsash
- Sarisbury
- Whiteley
- Hedge End
- Botley
- Curdridge
- Shedfield
- Wickham
- Bishop's Waltham
- Portsmouth
- Hayling Island
This page is general information, not personal advice.
The value of pensions and any income from them can fall as well as rise, and you may not get back the amount invested. A pension is a long term investment. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.
Tax treatment depends on your individual circumstances and may change in the future.