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The Advertizer
KLAS Care CiC Energy Efficient Family Centre opens with LEAP support KLAS Care C.I.C Linwood Family Centre official opening took place on The Former East Fulton Primary 12th September. We at School Janitors House LEAP are delighted to have been part of the journey to creating this beautiful ecorefurbished space for flexible childcare supporting Linwood families and the wider community. We started our joint working with KLAS Care on this project way back in 2016 securing funds through British Airways Carbon Fund and Pure Leapfrog to carry out eco-refurbishment and energy efficiency upgrades to the former East Fulton Primary School Janitors house; the bungalow which KLAS Care obtained through council asset transfer after it had lain derelict for many years.
Pension Transfers Who may benefit from a pension transfer? The number of people seeking advice on whether to transfer their deferred final salary pension benefits has increased hugely since the introduction in Pension Freedoms and the sharp rise in the transfer values being offered – transfer values of around 30 years’ worth of annual pension are common. So as tempting as this sounds, most people should not transfer their valuable final salary pension benefits – but for some individuals a transfer may be suitable. Professional advice should always be sought, but the following issues may suggest a transfer is worth investigating ● Poor health – if your health suggests you may have a reduced lifespan, then a transfer may offer better value ● Income flexibility – if you require the ability to control when and how much income you can take from your pension, a transfer offers the ability to flex your income to meet you needs, unlike a fixed final salary pension ● Continuing income – if you have other sources of secure income, you may not need the final salary pension income. In such cases a transfer may be more appealing.
KLAS Care C.I.C Linwood Family Centre
Through the skills and determination of KLAS Care directors Lesley Compston and Kirsty McKenzie, match funding and securing further investment against the initial BA Carbon Funding through LEAP, it meant the project British Airways Carbon Fund presenters could grow. An extension was added to the building to transform it into the fantastic hub it now is for childcare and the wider Linwood community. Well done all at KLAS Care C.I.C! Don’t forget our LEAP Linwood Family Support Project offers free practical assistance focused on Linwood and Johnstone residents who are struggling with fuel bills and comfort at home. If you think you or someone you know could benefit from this programme, please contact LEAP in confidence via our contact form or call us on 01505 612 034.
● Unmarried/ no dependants – If you want your family to inherit your pension on your death, a transfer may be a better choice. ● Early retirement – a transfer can avoid an early retirement penalty that would apply to a final salary pension scheme. ● More tax-free cash – A transfer pension can often provide more taxfree cash to allow you to spend as you wish. ● Spend earlier – you may want to “front load” your retirement – spend more when you are in early retirement and less when you are older, but you need to make sure you don’t run out of money! The decision to transfer your final salary pension is a complex one and you need to take professional advice to ensure you make an informed choice on any possible pension transfer. by Carl Melvin, Affluent Financial Planning Ltd
MoneyAge Awards We are delighted to announce that Pension Transfer Solutions (PTS) has been shortlisted for the MoneyAge Awards 2018 in the category Financial Adviser of the Year (small to medium-sized firm) along with ten other leading UK financial planning firms. These awards seek to celebrate excellence, professionalism and innovation in the hugely competitive but critically important personal finance space. This shortlist nomination is in recognition of our DB advice service (advice on final salary or defined benefit (DB) pension transfers) to consumers seeking advice on this complex aspect of financial planning. Over the last year we have been very active in this area and have advised on over £20 Million of transfer values in 2017. Our use of robust advice protocols, the innovative use of video to explain the risks of DB transfers and our client centric approach to advice has been important is securing our position as a shortlist finalist in these prestigious awards. Affluent Financial Planning was shortlisted in the same category in the 2016 MoneyAge awards.
Deadline date for our November issue - Friday 14-19 BUSINESS_289 OCTOBER 18.indd 14
19th October - you don’t want to miss it!! 20/09/2018 12:27:18
