• Sabre Financial Planning Ltd
  • 3 South Place
  • The Promenade, Kingsbridge
  • Devon
  • TQ7 1JE
  • Tel: 01548 856444
  • Fax: 01548 856888
 

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"We think of Sabre Financial as our partner for all of our financial affairs and have no hesitation in recommending their services."

P Carpenter/ D Phillips

Directors, Paul Carpenter Associates

"Sabre Financial is a "partner" rather than adviser to our business. In contrast to many IFA's they are not sales motivated."

S Hext

Managing Partner, Luscombe Maye

"The team at Sabre Financial are like an extended part of our team. They have worked in partnership with us for the last 6 years."

J Philips

Finance Director, Paramount 21 Ltd

"The proactive approach of Sabre Financial has already put me in a much stronger position and with their help and advice I hope to build upon this foundation."

J White

Leicester and England Rugby 

"I have dealt with Sabre Financial for a number of years and always found them to be very professional, courteous and approachable."

J Cooke

Stokenham

"Sabre Financial has looked after my financial needs throughout my retirement. I have found their service to be first class, and their staff to be extremely friendly and very helpful."

P Moysey

Thurlestone

Your partner for life

Delivering your financial goals

Your team. Tailored to you

Free Consultation

(Worth £85)

Your initial consultation will be at our cost. We will invest our time in getting to know you. To arrange an initial consultation please leave your details here and one of our South Hams based team will get back to you.

Think before saving

Mounting pressures on people to build a nest egg for retirement can sometimes force people down the wrong path. It’s important you develop a total savings strategy that will reduce the risk of losing money you set aside, but equally will maximise growth. As always, it’s about balance.

Parking some of your money in a pension scheme can deliver great tax breaks. As well as being tax efficient for new growth and income, you will get an extra 20% boost courtesy of our Government. Higher rate taxpayers can claim further tax relief through their tax return.

Pensions work like an investment wrapper, so are similar to an ISA. The difference is in the limits and benefits. Like any investment, you will choose which funds to invest your pension pot in. Higher returns and higher risks are likely to go hand-in-hand. However, these are long-term plans, so your pension performance should smooth out fluctuations in investments.

The downside of investing purely through a pension fund is it can restrict how and when you can access your money. Talking to a specialist retirement adviser can help you balance a pension with other more accessible investments and cash savings.

What are the limits?

You can now invest up to 100% of your earnings, or £5,340 whichever is higher. 

However, two main limits apply:

· Annual Limit

If you pay in more than £50,000 (2011 / 2012 tax year) then you will have to pay tax on any payments over that amount.

There is, however, a possibility of using some previous allowances to makes higher contributions in some cases.

· Lifetime Limit

If your total fund value, including every pension you hold, is worth more than £1.8 Million (2011 / 2012 tax year) when you retire, then you will have to pay tax at a punishing 55% on any value above this lifetime limit.  The lifetime allowance is to reduce from 2012/2013 to £1,5 million, although there may be some protection from a tax change available for those above this amoutn. 

Any money your employer pays into your pension will count toward these limits.

Do you need more help?

Do you need more help?

As retirement planning specialists, we can help you assess whether your pension contributions or fund/funds will be affected by these new limits.

If you’re raring to go now, the next step is to look at the different types of pension:

· Individual Pension Plans
· Company Pensions

 

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