- 50 Avalon Road, Orpington BR6 9AY
- Email: Jatinder@Jandgfinancials.co.uk
J&G Financials Ltd is part of 2plan Wealth Management, one of the UK’s leading financial planning networks. Our team of financial advisers has over 50 years of combined experience in the financial industry, offering tailored advice to help you achieve your financial goals. We pride ourselves on delivering high-quality service while adhering to ethical standards and compliance regulations.
- 50 Avalon Road, Orpington BR6 9AY
- 07421 043300
- Jatinder@Jandgfinancials.co.uk
- https://Jandgfinancials.co.uk
Planning for your retirement is essential, and one of the most effective ways to ensure financial security in your later years is through pension planning. Pensions offer a tax-efficient way to save for the future, with the added benefit of compound growth over time.
Whether you’re just starting your career or nearing retirement, it’s never too early—or too late—to start planning for your pension. The sooner you begin saving, the more time your pension has to grow.
How J&G Financials Can Help
At J&G Financials, we understand that everyone’s retirement goals are different. Whether you’re looking to maximise your pension contributions, explore the best investment options for your pension, or simply start planning for the future, we are here to help. We offer expert pension advice tailored to your specific financial situation and goals.
Types of Pensions We Can Help With:
- Workplace Pensions
Many employers offer workplace pension schemes where contributions are made by both you and your employer. We help you understand how to maximise your contributions and how to make the most of any employer contributions, ensuring you’re on track for a comfortable retirement. - Personal Pensions
Personal pensions allow you to save independently for your retirement. If you’re self-employed or want to supplement your workplace pension, we offer advice on the personal pension plans and strategies that fit your financial needs. - Defined Contribution Pensions
With defined contribution pensions, your contributions are invested, and the final pension pot depends on the performance of these investments. J&G Financials can assist you in choosing the right investments for your risk profile and retirement goals.
I am not authorised to advice in this area but we can refer clients to a suitably qualified adviser if required. - SIPP (Self-Invested Personal Pension)
SIPPs offer more control over your pension investments, allowing you to invest in a wider range of assets. If you’re looking for greater flexibility, J&G Financials can guide you through setting up a SIPP and selecting the right investment options.
Why Choose J&G Financials for Your Pension Planning?
- Tailored Pension Strategies
We work closely with you to understand your retirement goals and create a pension strategy that suits your lifestyle and risk tolerance. - Maximise Contributions
We ensure you’re making the most of your pension contributions, including employer contributions, and taking advantage of all available tax reliefs. - Ongoing Support
We offer regular reviews of your pension plan to ensure it stays aligned with your changing needs, goals, and the financial landscape. - Expert Investment Guidance
Choosing the right investments for your pension is crucial. With access to a wide range of investment options, we provide expert advice on how to grow your pension pot.
Pension Warning
Pensions are a long-term investment. The value of your pension can go down as well as up, and you may not get back the amount you have invested. We recommend seeking financial advice before making any decisions regarding your pension.
The value of your investments can go down as well as up, so you could get back less than you invested.
Tax Risk Warning
Taxation Planning is not regulated by the Financial Conduct Authority.
Testimonials - What our Clients have to say
FAQs About Pensions
1. What is the difference between a workplace pension and a personal pension?
A workplace pension is provided by your employer and usually includes contributions from both you and your employer. A personal pension is one that you set up independently to save for your retirement, offering greater flexibility in terms of contributions and investment choices.
2. How much should I contribute to my pension?
The amount you should contribute depends on your retirement goals, your current financial situation, and your age. A general rule of thumb is to aim to contribute at least 15% of your gross salary, but this varies depending on your circumstances. A financial adviser can help you determine the best contribution level for your needs.
3. What is a defined benefit pension and how does it work?
A defined benefit pension guarantees a certain income in retirement, based on factors such as your salary and the number of years you’ve worked for your employer. The pension income is typically paid as a regular income rather than a lump sum.
4. What is a self-invested personal pension (SIPP)?
A SIPP allows you to have greater control over your pension investments. It gives you the flexibility to choose from a wide range of assets such as stocks, bonds, and funds. SIPPs are ideal for those who want to actively manage their pension portfolio.
5. Can I access my pension early?
In most cases, you can begin accessing your pension at the age of 55 (rising to 57 by 2028). However, accessing your pension early may result in tax penalties and impact your long-term retirement savings. It’s best to seek professional advice before making any decisions.
6. How do pension contributions benefit from tax relief?
When you contribute to a pension, the government provides tax relief, which means you effectively get more for your money. The government adds a percentage of your contribution, depending on your tax bracket, making it a highly tax-efficient way to save for retirement.
Secure Your Future with Expert Pension Guidance