Final Salary Pension Scheme Advice
Receive final salary pension advice and help from Bartholomew Hawkins. Our expert team can help you to analyse your final salary scheme.
How does a final salary pension work?
The income is based on how many years you have been in the scheme and how much you earn when you retire or when you leave the scheme.
Unlike other pension arrangements, the amount you will get at retirement is guaranteed.
HOW WE CAN HELP
At Bartholomew Hawkins, we have the expertise and Financial Conduct Authority (FCA) permission to analyse your final salary scheme.
We can carry out a detailed analysis of your final salary and offer sound final salary pension advice including the option of transferring to a personal pension arrangement. We will discuss all the options available to you, as well as the potential risks of any course of action, before agreeing a proposal to best suit your individual needs.
We are specialists in pension planning with three members of the team holding the advanced pension qualifications.
DOES YOUR FINAL SALARY PENSION NEED TO BE REVIEWED?
In many cases you are likely to be worse off if you transfer out of a final salary pension scheme. This is because the guarantees offered by such schemes are extremely valuable. However, some individuals find that transferring to a bespoke personal pension arrangement is more suitable for their individual situation.
Please contact our team if any of the following apply to you because retaining the final salary scheme may not be right for you
- You want control over how your pension assets are invested and how and when the benefits can be paid
- You are single, divorced or cohabiting
- You want to increase your tax free lump sum at retirement
- You are in poor health with a reduced life expectancy
- You own a business and are looking to purchase premises
- Your accrued pension is valued above £1.5 million
RETIRING SOON? WE CAN HELP YOU EXPLORE YOUR OPTIONS
You don’t have to draw benefits from the scheme that you currently have – there are other options available to you. See our ‘Your Final Salary Scheme at Retirement’ page for more information.