- info@humboldtfinancial.co.uk
- Swan House, 33 Queen St, London, EC4R 1AP
- 020 3031 9187
Choosing the right pension can feel daunting, especially with so many options available. Understanding how each type works can help you plan confidently for your future and make the most of your retirement savings.
Humboldt Financial’s London-based advisers can help you understand each pension type and guide you towards a balanced retirement strategy that works for your personal goals.
The main types are workplace (sometimes referred to as defined benefit pension) pensions, personal pensions, and the State Pension. Many people have a combination, which together provide a more reliable retirement income
Also called a final salary pension, a defined benefit pension provides a guaranteed income for life based on your earnings and years of service. This type is increasingly rare but still common in some public sector and older company schemes.
Your retirement fund depends on the amount paid in and how your investments perform. The value can rise or fall, and you decide how to use the money at retirement, within pension rules.
Your State Pension age depends on your date of birth and government rules. You can check your exact age on the government’s website to plan ahead.
The Financial Conduct Authority does not regulate will writing, taxation and trust advice and some forms of Buy to Let mortgages. If you wish to register a complaint, please email louise.bliss@humboldtfinancial.co.uk. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4567.
Humboldt Financial Limited is a FCA regulated company (reference 826457) https://register.fca.org.uk/
