Pensions and Investments

Pensions

As the state pension age is increasing, as well as life expectancy, it is becoming even more important to plan for your retirement in advance. Pension planning is complex and time consuming, so let Peterkins independent financial advisors guide you through life’s financial maze with appropriate solutions and strategies.

A pension scheme is a long-term savings plan designed to help you keep money aside for later life. Some schemes may be run by your employer, whereas others you can set up yourself.

Peterkins will ensure you are fully aware of all the options available to you, and our service will deliver based on your needs and plans. Several options exist; you may wish to withdraw a tax-free lump sum, or to benefit from the added security of receiving a regular income. Ultimately, to decipher the best solution for you, get in touch with Peterkins today.

Investments

An investment is something you purchase or put money into with the goal of generating income or wealth in the future. There are various reasons you may wish to save or invest money, potentially for your children or for your own personal retirement reasons.

Cash savings which you put into a bank or building society account are a type of investment; your capital is risk free, and funds are accessible at short notice, however the rate of interest is likely to be relatively modest. Other types of investment include:

  • Shares - Buy stake in a company
  • Property - Invest in a building
  • Fixed income investment (bonds) - Loan your money to a corporation or government for a defined period at a fixed or variable interest rate

To spread the risk, it is recommended to invest your money into a variety of products and asset classes; this is called diversifying.

At Peterkins, we can combine your financial planning and legal management. Whilst weighing up the different investment options, we can draft a will and make power of attorney arrangements.

Inheritance Tax Planning

Inheritance Tax is something which is paid on property, money and possessions (a person’s estate) by gift during their lifetime, or as inheritance when the person passes away. The current threshold is £325,000; anything in your estate which is over this amount will be liable for Inheritance Tax.

Establishing trusts is regarded as a sensible way to safeguard your estate. This can be done in your Will to deal with your estate after death, or it can operate during the creator’s lifetime. The two main types of trust are discretionary trusts and bare trusts.

Our independent financial advisers will help to ensure your finances are structured correctly and advise if you can benefit from a trust arrangement. Speak to one of our experts today.

How You Are Protected

Peterkins is authorised and regulated by the Financial Conduct Authority (FCA), 12 Endeavour Square, London, E20 1JN.

Our Financial Services Register number is 113007. Our permitted business is advising on and arranging pensions, savings and investment products, non-investment insurance contracts and mortgages. You can check this on the Financial Services Register by visiting the FCA's website www.register.fca.org.uk/s/ or by contacting the FCA on 0800 111 6768.

Please be aware that by clicking on to the above link you are leaving the Peterkins website. Please note that Peterkins is not responsible for the accuracy of the information contained within the linked site accessible from this page.

Unless we notify you in writing to the contrary, we will be treating you as a retail client. This means that you are afforded the highest level of protection under the regulatory system and should have the right to take any complaint to the Financial Ombudsman Service.

Complaints

If you are dissatisfied with a recommendation we have made you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us:

In writing: Hartley Lumsden, Peterkins, 100 Union Street, Aberdeen, AB10 1QR

By phone: +44 (0) 1224 428000

By email: maildesk@peterkins.com

Please be assured we treat complaints seriously. For your further protection if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service ('FOS'). Full details can be found on its website at www.financial-ombudsman.org.uk.

Please be aware that by clicking on to the above link you are leaving the Peterkins website. Please note that Peterkins is not responsible for the accuracy of the information contained within the linked site accessible from this page.

Disclaimers

The Financial Conduct Authority do not regulate tax, IHT, wills and trusts.

Investments fall as well as rise.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

Please be aware that by clicking on to the above link you are leaving the Peterkins website. Please note that Peterkins is not responsible for the accuracy of the information contained within the linked site accessible from this page.