Pension Advice
Whether you are building a pension, wondering how much to pay in, or deciding how to take an income, we help you make confident decisions about the money that will fund the rest of your life.
How We Can Help
Pensions are one of the most valuable things most people own, and one of the least understood. Rules change, pots build up in different places, and the choices carry real consequences. At Bower Wealth, we have spent over twenty years helping people understand their pensions and make the most of them, in plain language and without pressure.
What pension advice covers?
Understanding what you have
How much to pay in
Making the most of tax relief
Career breaks and contribution gaps
Workplace and personal pensions
Your options at retirement
Pension consolidation
If you have several pension pots from different employers, bringing them together can make them easier to manage and to plan around. It is not right for everyone, and some pensions carry valuable guarantees that should not be given up lightly. Because it is a decision in its own right, we cover it in full on a dedicated page.
Why Choose Bower Wealth
Tailored Support
Bespoke guidance shaped around your personal goals, circumstances and retirement plans.
Trusted Expertise
Qualified advisers with over 20 years of experience as part of the Bower Group.
Dedicated Local Advice
Access to wealth managers in your area who understand your needs and take the time to get to know you.
How we work with you
Initial Consultation
A relaxed, no-obligation conversation to understand your pensions, your goals and where you are heading. We listen before we advise.
Reviewing Your Pensions
We gather the detail of what you hold, including any pots you may have lost track of, and explain it in clear, simple terms.
Creating Your Plan
Your adviser builds a plan that makes the most of your pensions and your allowances, and walks you through every step before anything is agreed.
Keeping it on track.
We review your plan with you as your life, the rules and the markets change, so it stays right for you.
Frequently Asked Questions About Pensions
It depends on your income, your goals and how far off retirement is. There is no single right number, but there is a right number for you, and we help you find it and understand the trade-offs.
Tax relief means some of the money that would have gone to tax goes into your pension instead, which makes pensions one of the most efficient ways to save. How much you can benefit depends on your circumstances, and we explain your position clearly.
Often, yes. There are practical ways to rebuild pension savings after a break, including making higher contributions and using carry-forward allowances where they apply. We help you understand what is possible for you.
You may be able to take a tax-free lump sum, buy a guaranteed income, draw a flexible income while staying invested, or combine these. Each has different implications for your income, your tax and your long-term security, and we explain them in full.
A workplace pension is arranged through an employer, who usually contributes too. A personal pension is one you set up yourself. Many people have both, and we help you understand how they fit together.
Sometimes it helps, and sometimes it means giving up valuable benefits. It is a decision in its own right, and our Pension Consolidation page explains it in full.
Before undertaking any work on your behalf, we will always inform you in writing of the cost. You will then be free to decide whether you wish to instruct us. Our fee structure will be dependent on the complexity of your situation and the work you wish us to undertake. Initial meetings are offered at our expense and without obligation. Please ask for a copy of our Client Agreement which contains details of our typical fees.
Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a guide to the future. The value of current tax benefits is subject to change.