Why Everyone Should Have A UK Pension Audit As Soon As Possible

savings and investments - money for retirement.

Since Gordon Brown first attacked UK pensions in 1997, successive Chancellors have become hooked on the idea that they can plunder your pension with impunity, egged on of course by Civil Servants in the Treasury whose pensions will be unaffected!

We have seen a raft of changes, in quick succession, aimed at extending UK tax to the pensions of expats and other non-residents with UK pensions.

The latest change is the introduction of a 25% tax charge on most transfers to a QROPS (an offshore pension which can receive transfers from a UK pension).

With a second Budget to come in November, the UK Pensions industry is bracing itself for more changes and taxes to come!

In all the noise around the Budget, what has been forgotten is the importance of making sure that you will have enough income in retirement.

You may have UK pensions but do you know:

  • The current value of your funds?
  • How your funds are performing?
  • If your portfolio is in line with the level of investment risk you are comfortable with?
  • What you can expect to receive in retirement?
  • If your pension(s) will allow you to take your retirement income when and how you want?
  • What the impact of tax will be on your retirement plans?
  • If you have the Optimum Pension for your circumstances and plans?

The AAM UK Pensions Audit looks at all of these issues, plus the thorny issue of taxation, and provides you with a detailed analysis of your current position and the options open to you.

You will always receive a full recommendation on your Optimum Pension, whether that is the pension(s) you already have or an alternative.

An AAM UK Pension Audit will put you in an informed position, able to make informed choices about your Optimum Pension and how best to secure your perfect retirement.

Contact your AAM Financial Planner now to arrange your UK Pensions Audit or email wealthsolutions@aam-advisory.com

Ian Black
Head of Wealth Solutions
AAM Advisory Pte Ltd


This article is an op-ed piece by Ian Black. The views expressed in this article are those of the author and do not necessarily reflect the views of AAM Advisory Pte Ltd. This document/article should not be construed as an offer, solicitation of an offer, or a recommendation to transact in any securities/products mentioned herein. The information does not take into account the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a licensed financial adviser regarding the suitability of the investment product before making a commitment to purchase the investment product. Past performance is not necessarily indicative of future performance. Any prediction, projection, or forecast on the economy, securities markets or the economic trends of the markets is not necessarily indicative of future performance. Whilst we have taken all reasonable care to ensure that the information contained in this document is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness. Any opinion or estimate contained in this document is subject to change without notice. The above report may contain data obtained from third parties and as such we cannot guarantee the accuracy of this data.