Our Financial Advice Services

Although you must look at incorporating a whole range of vehicles for your retirement plan, one of the most integral parts of retirement planning is the use of pensions.

We can research the Whole of the Market on your behalf to find a suitable Pension plan, it may be that a PPP meets your needs for retirement provision. These contracts are very flexible and can allow tax relievable contributions to be made of up to 100% of your earnings or £3,600 whichever is the greater) subject to a maximum of £40,000 per annum which is the current annual allowance. 

Furthermore these plans can be set up for non-working spouses and even children and grandchildren.

Benefits can currently be drawn from age 55 onwards.

There are a bewildering range of savings and investment vehicles available to the investor. The right investment portfolio should reflect your tax position and align with your attitude to risk. It should further meet your requirement to generate income, growth or a combination of both.

We are proud to introduce our web-based service, in conjunction with Standard Life, which enables our Clients to have greater control of their finances.

Our Investment Solution is an innovative ‘all in one service’, giving you access to a choice of tax efficient products:

• Individual Savings Accounts (ISA’s)
• Self-Invested Personal Pension (SIPP)
• Onshore Investment Bond
• Personal Portfolio – for your Direct Investments (i.e. Investment Trusts, Unit Trusts, Stocks & Shares)

Acorn Financial Planning Ltd specialise in the design and implementation of Employee Financial Benefit Packages for any size of Business, from small businesses through to large Plc’s. We ensure that any package is designed to meet the employer’s budget whilst providing the most suitable employee benefits insurance and pensions for the employees. We pride ourselves on personal service.

From administering your legally required workplace pension scheme and ensuring it remains compliant with TPR to providing individual advice to employees. Please get in touch if you are a business owner and feel like you could benefit from our range of corporate services.

There are many forms of life assurance and choosing the right one for you can depend upon a number of factors including tax, cost and the protection required. 

Life assurance can be used to protect income, loved ones, businesses and, in certain circumstances, can be arranged in such a way as to minimise the effect of tax.

Pension legislation has enabled complete flexible access to Money Purchase Pensions through Flexi Access Drawdown (FAD). This is now the most popular way of taking pension benefits and an area that we are experts in, but it is an area where care has to be taken to ensure that tax considerations and sustainability of any income is fully considered.

Some features include:

• Tax free cash can be taken in one lump sum, or a number of lump sums.
• Tax free cash can be paid as tax efficient income.
• Income payments can be varied at any time to meet your changing circumstances.
• Income can be increased, decreased or stopped at any time.

According to latest estimates, over 1.6 million pension plans totalling £19.4 billion are currently lost and are missing owners. We can help you track down details of any old pension plans that you may have and advise how they could fit in with your overall retirement plan.

In some circumstances, these old plans may be outdated, expensive and inflexible. If this is the case, we can advise and perhaps consolidate, as appropriate.

Please note: Although we can help you track down old Final Salary (Defined Benefit) schemes and explain your entitlement to you, we do not offer Final Salary transfer advice.

We provide a restricted advice service. We will recommend investments from the Whole of the Market but do not advise on following types of investment:

• Offshore Investments
• Venture Capital Trusts
• Enterprise Investment Schemes
• Unregulated Collective Investment Schemes
• Exchange Traded Funds
• Structured Products
• Final Salary Transfers