The pension freedom rules introduced in April 2015 have seen dramatic changes to pensions. The biggest change affecting anyone making provision for retirement is the ability for individuals to take the whole of their pension fund at retirement as a lump sum. 25% of this is tax-free and the remainder is taxed as income, whilst the death benefits of pensions can also provide individuals with a tax efficient way to pass assets down from generation to generation.
With a wider choice over how we can control our retirement savings, Lycetts believe that pensions not only play a much greater role in meeting objectives for retirement but also other areas of financial planning.
For pension advice specific to your requirements,
"Lycetts helps clients to understand the best routes to a stable retirement income or savings, based on their target retirement income and their attitudes to risk. Some clients mix and match pension products to create different income streams, while others stick to one option to guarantee a stable return."
As independent financial advisers, Lycetts has access to the whole market to find the most...read more
With an abundance of options available when it comes to retirement plans, it pays to...read more
Lycetts has extensive experience in dealing with investors looking to take advantage of...read more
Lycetts helps companies to migrate pension plans across to compulsory auto enrolment...read more
Lycetts experts arrange bespoke critical illness cover to protect dependents in the...read more
Lycetts personal protection experts guide you through the best available income...read more
Our experienced staff understand your needs.
Read more about developments both in insurance and at Lycetts.
August 18, 2017
Tree surgery and forestry are high risk occupations. This is mainly due to the use of potentially dangerous and powerful equipment combined with the need to work several metres from the ground. With the risk of injury high, the major challenge when dealing with insurance for the arboricultural and forestry industries is the issue of...read more
August 15, 2017
With agricultural incomes in decline and doubts about the future of subsidies, land managers are increasingly looking to farm diversification to generate revenue. Statistics from the Department for Environment, Food and Rural Affairs (Defra) show that one quarter of all farming businesses taking this route earned more money from...read more