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Qualified and experienced final salary pension advisors

Juniper Pensions has a wealth of experience delivering unbiased, honest advice on final salary (defined benefit) pensions and transfers. With a highly qualified and knowledgeable team, we can assess your situation and guide you through all possible outcomes.

We’re here to help you every step of the way, offering impartial advice on your final salary pension as well as your plans for retirement, learning about your finances, personal circumstances, goals and your risk appetite.

If you’re looking for more information about Final Salary Pension Transfer from the people who know…

Why choose Juniper Pensions?

  • Decades of experience providing impartial, professional and measured pension advice.
  • Highly qualified team with deep specialist knowledge on final salary (defined benefit) pensions.
  • We take the time to get to know each and every one of our customers on a personal level, helping them enjoy a better later life.
  • We provide free initial consultations.
  • Our pension specialists can assess our customers’ situations in great detail, helping them understand their pensions and manage them effectively.
  • We get to know our customers, their lifestyles and aspirations before providing personalised advice.
  • We can also advise on retirement planning and inheritance tax planning.
  • Our goal is to help our customers create a sound financial future for themselves and their families.

Are you contemplating a final salary transfer?

If you are considering a transfer to a personal pension or SIPP and have a final salary pension valued over £30, 000, it’s a legal requirement (set by the Financial Conduct Authority) to obtain expert advice from a fully qualified defined benefit (DB) specialist like Juniper Pensions.

Whether you’re considering transferring your final salary pension for greater flexibility, wish to pass on an inheritance to beneficiaries, want to take advantage of generous transfer values or simply desire your money sooner; it’s important to understand the risks involved. We’re completely focused on what’s best for you, so if you are deliberating a potential transfer, our highly trained advisors can fully examine existing pension arrangements to recommend the most suitable course of action – which may be to wait, or do absolutely nothing.

If you feel you need more information about your potential Final Salary Pension Plan…

How is a final salary pension calculated?

Unlike DC schemes, final salary pension schemes promise to pay out an income on how much you earn when you retire, so that amount is guaranteed and paid directly. Your pension is calculated based on your earnings, the length of time you worked for the company and the time you’ve been contributing to the scheme.

For example, final salary pension rules generally allow benefits to be calculated at an accrual rate, such as 1/60th or 1/80th of your final salary for each year you have been in the scheme. The maximum pension benefits allowed under the final salary schemes is the equivalent to 40 years worked or 2/3rds of your final salary.

Understanding the potential risks

Once you retire, you receive the confirmed income for your remaining life, whilst pension benefits may also be available to dependents in the event of your death or they may be paid early if you fall ill before reaching retirement. The vast majority of DB schemes match the common retirement age of 65 years old, however, some schemes allow you to retire from 55, although this may decrease the amount of money you receive.

If you transfer your DB pension over to a DC scheme, you will incur investment risk. If you do not have other resources to rely on throughout retirement, it may not be the most suitable option as it can result in a loss of guaranteed income with lower returns. That said, a transfer may also deliver more control and flexibility, so it’s important we work closely with you to help you understand the potential risks and rewards, so you can make a confident decision on your future.

If you feel you need more information about your potential Final Salary Pension Plan…

How can you help me?

At Juniper Pensions, we’re focused on helping people acquire a detailed understanding of their individual pension scheme, enabling them to make the most of their pension. No two individuals are ever the same. For some people, the risks will outweigh the rewards, and for others it can make perfect sense to transfer out of a final pension scheme for greater agility, maximising tax-free cash or passing on unspent pension to their heirs.

That’s why we take the time to learn more about your ambitions, circumstances and challenges to deliver the right advice, helping you make informed decisions so that you can enjoy a bright, secure and comfortable future.

If you would like to arrange your free initial consultation with Juniper Pensions, please get in touch with our friendly team today on 0800 2545 223 or send us a message and we’ll be in touch as soon as possible. We’re always here to help.

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We're here to help you make the right decision on your pension. Such an important part of your future financial security rests on making a choice that suits you personally. Our advisers are experienced, qualified , helpful and honest. They're here to help you with your pension.