BE PROUD OF YOUR PENSION
A well-planned pension is one of the best ways to invest for your future. It has the potential to grow tax-free, and we could help you get it just right.
The value of investments can fall as well as rise and you may not get back what you put in. Eligibility criteria and fees apply.
BE PROUD OF YOUR PENSION
A well-planned pension is one of the best ways to invest for your future. It has the potential to grow tax-free, and we could help you get it just right.
The value of investments can fall as well as rise and you may not get back what you put in. Eligibility criteria and fees apply.
Let’s get you retirement ready
Trust us, with its growth potential and tax advantages, sorting your pension could very well lead to a brighter future.
But there are a few things to think about.
For example, you’ll want to make the most of any pension tax benefits. You might also consider transferring suitable pensions to one place – something you can do by yourself online or in other ways with our advice. On the other hand, there could be reasons to keep your pensions where they are. You might also be looking for the most suitable pension for self-employed people.
Yes, there is indeed a lot to think about. But fear not, we could help. From private pension plans to specialist pensions for business owners, we’ll draw on the right solutions to help your retirement dreams come true.
Speak to your private banker to get started, or click below to see Coutts' online pension.
THREE THINGS TO THINK ABOUT WHEN PLANNING YOUR PENSION
1. What do you want to achieve?
Think about what you want for yourself and your family when you retire. When would you like to start drawing your pension? What will be your priorities at that time, for yourself and your family? It’s worth remembering that any money left in your pension when you die could be passed on.
2. Combine your pensions
Do you have many pensions in many different places? You could consider bringing them all together. Doing so could make it easier to keep track of your pension and mean lower administrative fees. However, there could be reasons to keep your pensions where they are – some pension schemes will have high exit charges for example. So it’s worth checking any benefits specific to your current providers, and any penalties they may impose if you transfer. If in doubt, seek financial advice.
3. Consider the potential tax benefits
You might consider raising the amount you put into your pension. The potential benefits include some pretty important tax advantages, such as income tax relief on your personal pension contributions. Let’s say you pay a total pension contribution of £100, for example. You only pay £80 of it, while the government pays the other £20. And if you pay a higher rate of income tax, you could claim more of it back through your tax return. Also, many people under 75 could benefit from tax relief on pension contributions even if they’re a non-taxpayer. There are limits, but it’s worth getting the lay of the land.
It’s easy to set up an online pension
A relatively simple option in terms of setting up one type of pension is to do it online – you could set one up quickly on our platform, Coutts Invest, or combine existing eligible pensions there.
While it’s just one option among many, and so may not meet all your needs, it could be a useful part of your retirement plan.
Here are three reasons to consider it:
EASY TO SET UP, MONITOR & MANAGE
Tell us how much you want to put in – anything from £50 – or transfer to us, and choose one of five funds to match your preferred approach to investing.
Then you can check on your fund’s progress or change how much you invest or transfer any time, day or night.
RUN BY EXPERTS
The investments are managed by our highly experienced team using a tried and tested approach and leading market analysis.
We’re committed to investing in a sustainable way that helps protect our planet’s future too, with many of the investments within Coutts Invest working towards net zero (not adding to the amount of carbon in the atmosphere).
COMPETITIVE FEES
Our fees are competitive, transparent and straightforward. And we don’t charge you anything for closing your pension with us.
It’s worth noting that you’ll need to transfer your Coutts Invest pension to another provider when you plan to withdraw money from it. Our pension does not offer this option at the moment.
For more specialist or sophisticated pension planning, it’s worth speaking to your Private Banker first to discuss all the options available to you.
It’s easy to set up an online pension
A relatively simple option in terms of setting up one type of pension is to do it online – you could set one up quickly on our platform, Coutts Invest, or combine existing eligible pensions there.
While it’s just one option among many, and so may not meet all your needs, it could be a useful part of your retirement plan.
Here are three reasons to consider it:
EASY TO SET UP, MONITOR & MANAGE
Tell us how much you want to put in – anything from £50 – or transfer to us, and choose one of five funds to match your preferred approach to investing.
Then you can check on your fund’s progress or change how much you invest or transfer any time, day or night.
RUN BY EXPERTS
The investments are managed by our highly experienced team using a tried and tested approach and leading market analysis.
We’re committed to investing in a sustainable way that helps protect our planet’s future too, with many of the investments within Coutts Invest working towards net zero (not adding to the amount of carbon in the atmosphere).
COMPETITIVE FEES
Our fees are competitive, transparent and straightforward. And we don’t charge you anything for closing your pension with us.
It’s worth noting that you’ll need to transfer your Coutts Invest pension to another provider when you plan to withdraw money from it. Our pension does not offer this option at the moment.
For more specialist or sophisticated pension planning, it’s worth speaking to your Private Banker first to discuss all the options available to you.
Disclaimers:
Coutts Invest is available to clients who are:
- UK resident and domiciled for tax purposes
- Aged 18 or over
- Already a user of Coutts Online
- Have a minimum of five years to invest
If you’re over 74, or are UK resident but non-domiciled for tax purposes, speak to your private banker who will be able to organise access for you.
Fees and charges apply. Full Terms & Conditions are available to download here.
Eligibility criteria, advice and product fees may apply. When transferring a pension, exit fees may apply.
The value of your investment can go down as well as up, and you may get back less than you invest. You should continue to hold cash for any short-term needs.
Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances. As we do not provide tax advice, you should seek independent tax advice as required.
The information on this page should not be regarded as financial advice.
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For more information about our services, please speak to your adviser or call 020 7957 2424.
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For more information about our services, please speak to your adviser or call 020 7957 2424.
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