Pensions

Why Invest in a Personal Pension?

A personal pension is a tax-efficient way to invest for your retirement. Like an ISA, you won’t pay income or capital gains tax on money held within your pension.

• However, with a personal pension, you also get a tax top up from the government:
• If you’re a basic rate taxpayer, you get a 20% rebate – so for every £800 you invest, the actual amount invested is £1,000, as £200 of tax relief will be reclaimed from HMRC on your behalf.
• Higher rate taxpayers may be eligible to receive an extra 20% when you fill in your self-assessment return.

Additional rate taxpayers may be eligible to receive an extra 25% when you fill in your self-assessment return.

At 55, you’ll, have a lot of freedom over how you can withdraw and spend your pension, starting with taking 25% as a tax-free lump sum. Some people then choose to buy an annuity, which provides a guaranteed income for the rest of your life. Others simply withdraw funds from their pension pot as they need them – this is called ‘drawdown’.

Overall, a personal pension is an attractive, tax-efficient way to save for your retirement. You even get a tax top up from the government in exchange for locking your money away over the long-term. Thanks to the tax top up, personal pensions are especially tax-efficient if you are a higher rate or additional rate taxpayer while you work and become a basic rate taxpayer when you retire.

If you invest in a pension, you can only withdraw from 55 years old.

Independent advice

We offer Pension advice from the Whole of the Market on a bespoke basis with a Portfolio offering from True Potential Platform.

Personal Pension

Our personal pension provided by True Potential Investments is different.

Unlike many personal pensions in the market, ours offers:

• Free and unlimited drawdowns
• No transaction fees
• No penalty for withdrawals
• No transfer fees payable to True Potential
• No initial charge for the tax wrapper
• Minimum investment of just £50
• No annual charge for the tax wrapper
• Top up with impulseSave®

Plus, you have access to our exclusive Wealth Strategy Fund Range and True Potential Portfolios to maximise your growth potential.

What will your previous work pensions pay you at retirement?

How many pensions do you have?

What is the best thing to do?

At what age do they start paying an income and can you control this?

Who gets your pensions if you died. How would anyone know about them?

Can’t it just be made a bit simpler. Yes, it can.

Investment Partners for the True Potential Wealth Strategy Funds & True Potential Portfolios.

Our investment partners sub-manage our True Potential Wealth Strategy Funds and we blend their management styles together for an extra layer of diversification in our True Potential Portfolios.

We currently work with the following investment fund managers:

UBS Asset Management is a large-scale asset manager offering a comprehensive range of active and passive investment styles and capabilities, across both traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate, infrastructure and private equity investment capabilities that can also be combined in multi-asset strategies.

Allianz offers investors a risk-based approach investing globally in all major asset classes using primarily passive implementation. Allianz have the ability to be very dynamic and nimble by increasing or decreasing total investment levels depending on volatility levels within markets. Allianz have a huge research and fund management base they can draw upon, being one of the largest fund managers currently in Europe.

Close Brothers’ investment style is directly buying into company shares, fixed interest investments and other non-traditional areas such as infrastructure. This approach is similar to that of a stockbroker putting together an investment portfolio and managing this on behalf of a client and is a very focused investment solution.

Columbia Threadneedle are income specialist fund managers offering clients a regular income stream whilst also offering the potential for capital appreciation from one of the most highly respected income fund management teams within the industry. They invest primarily in UK equities but also in fixed interest, focusing on stocks that can offer a high dividend yield but also the potential for growth.

Goldman Sachs Asset Management has two offerings. Their Dynamic investment approach is run by a team of internationally-renowned experts who evaluate patterns of asset class behaviour, and the drivers behind them, to form a balanced portfolio that includes exposure to both traditional and non-traditional asset classes. Their Global Income Builder approach invests across a broad spectrum of global bonds and equities, aiming to build a portfolio that generates sustainable and stable income, and capital appreciation.

Schroders’ investment philosophy may appeal to investors who want their money to be managed by an award-winning team with a proven track record. They hold the belief that no one fund manager can excel in every aspect of investing and therefore access the best fund and investment products from around the world. The investment teams are bonded by a strong culture and heritage based on independent, long-term investment thinking.

SEI uses a mix of specialist investment managers with distinct management styles. As a manager-of-managers, SEI decides where to invest and, after rigorous research, which managers to hire. This oversight includes daily monitoring of investment transactions and the replacement of investment managers if they fail to meet their objectives or if better investment opportunities arise in new areas. SEI hires managers who are generally only available to institutions and high net worth individuals.

7IM offers investors a global active-passive approach to fund management. This means they are active at the asset allocation level with a team of high skilled fund managers choosing what areas to invest in, but passive in implementation by using funds that track a specific Index or part of that Index. By using this approach, 7IM can offer a low cost multi-asset solution to investors with a global reach.