*Freedom *Choice *Control *Tax Planning

Why plan for retirement now?  There are many reasons.  At Robert Magee and Associates Ltd we believe that the four most important reasons to save for later life are:

Freedom
Financial independence through accumulation of personal wealth opens doors to greater opportunity.  People today enjoy longer and healthier lives than ever before; and for many, the desire to enjoy the world and all its attractions remains strong well into retirement.  Travel, sport and leisure activities all cost money; by setting aside sufficient funds during your working life, you invest in real freedom to continue to live the life you love during your retirement years.

Choice
Difficult circumstances are a part of every life, and the prospect of a long and happy retirement can be blighted by financial hardship and ill health.  On the other hand, financial independence gives you a choice over your quality of life even when things go wrong.  It might affect where or whether you go on holiday. Or it might determine the standard of care you receive should you become unwell and need long-term care in a residential setting.

Control
It is true to say that someone with personal wealth may lose some advantages of certain State benefits.  While some people will rely on State benefits for old age, many of our clients seek financial independence from the State. They recognise that the sense of financial freedom increased choice and greater control is worth the trade-offs. By developing a clear financial strategy for later life, you can enjoy a degree of control over your affairs that others only dream of.

Tax Planning
One of the most attractive features of retirement planning is the tax relief granted by the UK government on pension plan contributions.  However, having more than one pension plan with differing charges, terms and conditions can prove to be a minefield for many investors. At Robert Magee and Associates Ltd we offer a fully tailored audit service. We can evaluate your existing arrangements, show you how to maximise your tax benefits and ensure that your retirement objectives are achieved.