Longridge, a small town in Lancashire, England, is a charming and picturesque area with a rich history and many attractions for visitors and residents alike. Today, the former cotton powerhouse town is primarily a residential area that thousands call home.

Pension planning in Lancashire

With people living longer and the state pension being paid later, pensions and retirement planning have become increasingly important. That’s where Springfield Financial Services comes in. With pension legislation having undergone huge changes in recent years, saving for retirement remains a complex area with varying rules and regulations. Springfield Financial Services can help you maximise your pensions and other assets and achieve your retirement goals.

One of the main challenges in retirement planning is deciding how much you need to set aside for your retirement. Our pension specialists can help you quantify your retirement income needs, utilising computerised cash flow modelling tools, where appropriate, before recommending a solution that allows you to achieve your retirement goals and aspirations.

We can advise you on existing pensions, new pensions, and other investments, as well as pension transfers, pension tax relief, annual allowance planning (including carry forward, tapered, and money purchase annual allowances), lifetime allowance planning (including lifetime allowance protection), and pension sharing on divorce. Your dedicated financial planner will regularly review your overall retirement plan with you to ensure that the recommendations remain suitable based on your circumstances and an ever-changing economic and legislative backdrop.

With the introduction of more flexible retirement options in recent years, there are many avenues to consider when deciding how to provide an income in retirement. We can help you understand the options available, such as pension commencement lump sum (tax-free cash) versus income, flexible access drawdown, uncrystallised fund pension lump sum, small pots, and annuities. We will work with you to understand your income requirements and provide recommendations to make the most of your assets upon retirement using your available tax allowances and reliefs.

Preserving your legacy; ensuring your wishes are respected with thoughtful estate planning.

As a member of this local community, we understand the strong community mindset in the local area and the importance of planning for the future to ensure that your hard-earned assets are protected and passed on to your loved ones. We know that estate planning can be a daunting and emotional topic. Still, it is essential to have a comprehensive plan in place to secure your financial future and protect your legacy.

At Springfield Financial Services, we work closely with you, gaining a thorough understanding of your unique needs and objectives. Our team of experienced financial planners can provide expert advice on inheritance tax and trusts and help you navigate the constantly evolving legislation surrounding estate planning. We can offer guidance on various topics, including gift allowances, residence nil rate bands, pensions, trustee investments, long-term care funding, and business relief.

Our financial planners are highly trained and qualified, with three holding the prestigious Society of Trust and Estate Practitioners (STEP) qualifications. When you work with us, you can be confident that you are in capable hands. We work tirelessly to ensure that your estate is structured in a way that minimises inheritance tax and protects your assets for the benefit of your loved ones.

Take control of your financial future with Springfield Financial Services.

If you are a resident of Longridge or the surrounding areas and are looking for help with retirement planning or other financial services, we would love to hear from you! If you have any questions or would like to set up an initial consultation, please don’t hesitate to contact us. You can call us at 01772 729 742 or fill out our online enquiry form, and we will be happy to give you a call to discuss your requirements at a time and location that is convenient for you.

Springfield Financial Services can help you navigate the complex world of retirement planning, ensuring you maximise your assets to achieve your retirement aspirations. Our experienced financial professionals can assist you in achieving your retirement goals and maximise your investments. Don’t wait until it’s too late – start planning for your financial future today!