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
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Our experienced staff understand your needs.
Read more about developments both in insurance and at Lycetts.
June 23, 2017
Northumberland-based Emily Young is taking up a new appointment with Lycetts Financial Services, joining our Newcastle office as a financial advisor and will specialise in life and protection insurance.read more
June 14, 2017
Lycetts is the headline sponsor for the 2017 Festival of Hunting for the second year running as part of our ongoing partnership with the East of England Agricultural Society who organise this prestigious event in the hunting calendar.read more