This is a good question and if you have built up several different pension pots over the course of your working life, then it could be worth bringing them all together in one place. Let’s look closely at the possible Advantages and Disadvantages. Possible Advantages: It’s much easier to track your pension savings when they are all together in one place. You may also be able to increase both your access to your pension and maximise your retirement income.  You can pay less in charges if you transfer to a ‘new pension pot’ that has more beneficial rates. There could be tax relief benefits. Possible Disadvantages: Some pension schemes have exit penalties so you would need to investigate this. Some pensions may also have additional features and benefits that you could lose by transferring. Occasionally there may be tax advantages for keeping your individual pension pots. For more information and help as to whether this would be of benefit to you, please call us for a FREE pension advice consultation.  Your independent financial advisers in Norwich.

We are delighted with our new fascia sign outside our office in Drayton. The new Iceni Financial Advisers logo really stands out against our newly painted office.   We have also updated the video on our website with an incredible scenic view of our spectacular Norfolk coastline.  Take a journey from the iconic Happisburgh lighthouse right through to the jurassic cliffs and wonderful beaches of Hunstanton.  All compiled over the last 2 years by the very talented Joshua Paul Gardner. We think our new look really complements our Values – Professional, Friendly, Qualified. Come visit us; your local independent financial advisers in Drayton, just outside Norwich.   

  The outbreak of Covid-19 has played havoc with the stock market and has meant we are seeing rock bottom interest rates which means you will need to look at your choices very closely.   A “drawdown pension” means that you can choose the amount of money you can take out and when.  You could choose a monthly income or instead take lump sums, or even do both.  Alternatively, you could choose to transfer your pension savings pot for a guaranteed income for life – this is known as an “annuity“.  However, with current interest rates at such a low rate, the income you receive may be below what you were hoping for. If you need help with your decisions and to discuss through your choices to maximise your retirement income for you and your family,  please book a free consultation with one of our Independent Financial Advisers.  We are truly independent which means we look at the whole of the market, so we are able to give you the best advice for your particular needs. Find Out More About Income Drawdown