What does Pensions Freedom mean for you?
Pensions Freedom could be liberating. But without expert advice, it could be costly.
Important pension changes came into effect in April 2015, and with the right advice, the financial benefits could be vast. Speak to one of our advisers, and we’ll give you all the information you need, answer all your questions and offer tailored advice. We’ll help you make the most of your pension so you can avoid unnecessary tax bills and generate a sustainable income.
Pension Freedom could make a positive impact on your retirement plans. To find out how, call us on 08082528113 to request an appointment, or pop into your local NFU Mutual office.
Advice from the experts
Our financial experts will help you plan for your retirement. We’ll explain your options in plain English and advise the most tax-efficient routes to achieve your goals.
We’ll guide you through the advice services we offer, our charges, and we’ll put you in touch with your local Financial Adviser. NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.
Speak to an adviser
Explore the possibilities
We’re here to help you make the right decisions. By understanding your circumstances, and listening to exactly what you’d like to achieve, we can help you to understand and profit from the financial freedom available to you.
The first 25% will be tax free and the remaining 75% will be taxed at your normal income tax rate. This may be very tempting, but there could be tax to pay and unless you have an immediate need for the money it’s unlikely to be the best option for you.
For some, a traditional annuity will provide the security of a guaranteed income for the rest of your life – you just need to know all the pros and cons, to fully understand how it would benefit both you and your family’s future.
As it should, Pensions Freedom gives you the freedom to plan for your future, as well as enjoy today – but there could be tax considerations to bear in mind. Talk through your aspirations with us and we’ll make sure you fully understand the bigger picture to choose wisely.
By releasing a lump sum from your pension, you may be able to release the necessary funds to re-invest in this way. Our experts can talk you through the pros and cons of taking money out of a pension.
We’re here to share our knowledge on taxation and investing, so that you know what to do and when, to plan efficiently for your family’s future.
By talking to you and understanding your expectations, we’ll make sure you’re fully in the picture of what gifting means to you personally.
Our experts are here to explain all of the different options available to you – so that you can make the right choices.
We’re here to put you in control of your own future, by equipping you with the detail you need to decide.
Need to know
The value of pension tax benefits depends on individual circumstances and can change in the future. The value of investments can go down as well as up, and you may get back less than you have invested.