In preparation of pensions A-day, a new pensions simplifications tool was launched by Winterthur Life UK.
The Lifetime Allowance Planner is a financial planning tool that can help independent financial advisers (IFAs) analyse how the new lifetime allowance may affect their clients.
The online pensions planning tool helps illustrate how different choices would influence on clients' retirement pension. It also suggests what the best way is to achieve the lifetime allowance when the clients reach retirement age.
According to Winterthur Life UK's sales director David Thompson, Winterthur’s Lifetime Allowance Planner has been created to help advisers see the affect of pensions simplification on their clients’ pension savings and to identify an optimal contribution strategy ahead of A-Day.
"This tool will prove particularly useful to IFAs in the high-net worth market, helping them to make accurate calculations that could save their clients thousands in tax liabilities," Mr Thompson said.
The pensions tool also calculates the level of additional contribution that is needed to top up savings for retirement pension. The calculator also figures out at what age pension contributions should be redirected to other investments not linked to the pension.
Retirement pension tool launched online
Pensions Quote Line
0845 108 0505
Retirement pension tool launched online
Mon, 01 Aug 2005
Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.
1998 - 2008 UK Pensions - Planning before, at the onset and during retirement.
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