Pensions & Protection
Starting to plan for your retirement or protect what you have is a step you can't take too early. While you might be envisioning your ideal retirement location or the hobbies you'll finally have time for, it's essential to determine how much you'll need to sustain a comfortable lifestyle for the long haul. From there, crafting a strategy to meet that goal becomes crucial.
In the ever-evolving world of pensions, preparing and saving for your golden years remains crucial. Pensions are an advantageous savings method, allowing for tax relief at your individual income tax rate for contributions up to either £60,000 annually or your total earnings, depending on which is less.
Should you wish to contribute beyond the current Annual Allowance of £60,000 or your adjusted yearly limit, the Carry Forward provision could enable you to benefit from tax relief of up to 45%.
Self-Invested Pension Plans (SIPPs) expand your investment horizon compared to most conventional pension schemes. Through SIPPs, you can diversify your investments across assets such as stocks, Unit Trusts, government bonds, and commercial real estate.
Beyond the inherent tax benefits of all pensions, SIPPs offer the added value of enhanced financial flexibility for your retirement planning.
Protection fulfils our basic need to safeguard the things we value and hold dear in our lives.
Collaborating with handpicked providers, we present a wide array of products to our clients. including:
- Life Cover (including Term Assurance and Whole of Life) – can provide a tax-free lump sum to whoever you select by way of a Trust.
- Critical Illness – in case you are diagnosed with an illness such as cancer or suffer a heart attack.
- Income Protection – that gives you some or all of your income if you had to take time off work due to an accident or serious illness.
- Employee Benefits.
- Private Medical Insurance.
At Nephos Wealth, we prioritise understanding your unique circumstances, needs, and aspirations. Our commitment extends beyond mere advice – we partner with you to craft tailored strategies that align with your goals, ensuring you are well-protected today and comfortably set for the future. Let our trusted expertise be the guiding light on your financial journey.
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