Mark Thompson

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Recent and forthcoming
pension changes

Dear Subscriber

The following summarises, and no more than summarises, pension arrangement changes of which you need to be aware.

This information applies particularly to higher income earners, but even if you're not in this category we would like to remind you that we are here at all times to help you with your concerns.

More detailed information will follow in due course, but for now please note the following.

• Annual contribution limits have been reduced.
• Reduced limits now apply to the total value of your pension at retirement.
• Changes to the taxation of death benefits are forthcoming.
• More flexible options are available at retirement, about which you should speak with Mark.
• It is now possible to carry forward unused pension contributions from previous years.
• There is an opportunity for more flexible retirement benefits, allowing you to draw whatever income you want from your fund subject to minimum income requirements.

You are urged to contact Mark as soon as possible on 01473 828973 with any queries arising from the above.

Past performance is not an indication of future performance. The value of investments in the stock market held directly through individual shares or indirectly through collective investment vehicles, as well as any income derived from them can go down as well as up. Investment returns cannot be guaranteed and you may not get back the full amount invested. The stock market should not be considered as a suitable place for short term investment.

Thompson Financial Consulting Ltd is authorised and regulated by the Financial Services Authority