Retirement and Pension Planning

Retirement income and pensions form a vital part of any financial plan. We’re here to help you structure your finances and ensure you have sufficient funds for your personal retirement goals.

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Typical Retirement Schemes and Products

Whether you’re just starting out in your career or are a little further down the line, we can help you assess your retirement plans, outline the challenges ahead and navigate complex legislation to define a strategy that suits you. With retirement advice from Ermin Fosse, you can feel confident that you’ll enjoy a retirement with the freedom, comfort and security you deserve.

Effective retirement income planning goes beyond pensions. Your Ermin Fosse retirement advisor will help you consider all the options, ensuring your income streams work in harmony to provide a sustainable, tax-efficient retirement income.

We can advise on a range of retirement schemes and products

Stakeholder Pension

Stakeholder pensions were introduced as a simple, low-cost option to encourage investors to save. The investment fund choice can be quite restricted and, typically, they are used by people who don't belong to a company pension scheme or are self-employed.

Final Salary Scheme

Final salary, or defined benefit schemes, are occupational pension schemes which provide a guaranteed income for your retirement, based on your length of service and earnings.

Changes in legislation have led many people to consider transferring their final salary benefits, but this decision should not be made without speaking to a retirement advisor.

Personal Pensions

Personal pensions are independent schemes that are not linked to your employer. You choose the provider and they will invest the funds you contribute, giving you an accumulated sum on retirement. With a wide range of investment options, personal pensions often allow you to invest in the same assets as more complicated schemes.

As with all pensions, the funds cannot be accessed until age 55 (except in very exceptional circumstances) and there are limits as to how much you can save, each year and over a lifetime.


A Small Self-Administered Scheme (SSAS) is an occupational pension scheme that is set up under a trust. Members are usually trustees who help decide how the funds are invested.

A SSAS lets directors or business owners pool their pension funds for investing and allows the scheme to lend money to the sponsoring employer (subject to certain terms and conditions).


A Self-Invested Personal Pension (SIPP) is a specialist pension plan, which has a wide scope of investment options for the confident investor. While other pensions may limit your investment choice to a defined list of funds, with a SIPP you have the flexibility to choose your own investments. 

Unlike personal or stakeholder pensions, SIPPs can hold assets such as commercial property or an individual shareholding in a company. To increase the buying power of your retirement savings plan, you also have the option of pooling a number of SIPPs to make a group investment.


An annuity is a secure, regular income which you can buy from an insurance company. Having saved into a pension fund during your working life, you can use that money to buy an annuity which will pay an annual retirement income for the rest of your life.

It’s important to note that the purchase of an annuity is no longer compulsory and that rates have been on a downward trend. Careful consideration should be taken, and retirement advice sought, before purchasing an annuity.


Pension is a generic term for a savings contract that is designed to help you save for retirement. By making regular contributions to a pension, you benefit from an income when you’ve retired.

At the moment, withdrawals cannot be made until age 55 and the majority of the income taken is taxable.

There are various types of pension available to people in employment. With tax-relief on contributions and a virtually tax-free environment in which to invest, saving into a pension can be a particularly effective way of saving for retirement.

Get in touch for advice on planning your retirement

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This information on this website does not constitute a recommendation or invitation to invest or refrain from investing or represent any financial planning advice. The information is based upon current HMRC rules and can be subject to change.

Past performance is not indicative of future results and no representation is made that results where stated, will be replicated. Investment values rise and fall and the value of them is not guaranteed. On encashment you may not get back the amount invested.

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