Planning for your future

Your retirement is likely to last 30 years or more.

Contributing into a private pension when you are working will help towards you having enough money when you are retired. You can change your contribution amount at any time or top up with additional lump sums subject to certain limits. The government will give you up to 45% extra in tax relief, on the basis that any tax relief above the basic rate is claimed via your annual tax return.

To build a good pension and a secure financial future, our advisers can help you to maximise your returns.

How much should I save in my pension?

The amount you should save depends on the amount you can afford to save, how many years you have to save and what your income needs will be when you retire. Our advisers can work with you to calculate how much money you are likely to need for a comfortable retirement and will help you to achieve this.

Starting your pension when you are young

You could start by saving small amounts monthly, allowing the maximum time to potentially grow in value. If your income improves, you can increase your contribution amount.

Starting your pension later in your life

If you start a pension later in your working life, you may have a better idea of what your needs at retirement may be. However, you will have less time to reach this goal, which means you may have to contribute more into your pension each month.


If you are aged between 22 and the state pension age, earn over £10,000 per year and work in the UK, you will be automatically enrolled into a workplace pension scheme, which enables you to take advantage of employer contributions. Our advisers can review your current workplace pension and make recommendations tailored to you.

Reviewing your pension needs

Things are likely to change as you go through your working life, your adviser will review your pension situation regularly. Adjustments may be needed when there is a change in your circumstances, such as getting married or divorced, when you change jobs or if you cannot work for any reason.

Our advisers can also help you with planning your retirement and choosing which option is right for you at retirement.

Professional advice on starting your pension

When deciding on the right time to start saving for your retirement, Four Wealth Management can advise you on your financial options, giving you a professional and honest opinion. To book a no-obligation review or ask any questions you may have, call us today on 0117 973 0500. Alternatively, if you don’t have time to talk right now, fill in our online contact form and we will get back to you.

The value of a pension with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

What our clients say

Frequently asked questions

Retirement can last for over 30 years, depending on when you decide to retire and how long you live for. Your income during retirement could come from your State Pension, pensions you’ve built up while in work and any savings or investments you have.

If you die whilst getting your State Pension, the Pension Service will be made aware and the payments will stop. If you die before retirement, pension schemes can pay out a lump sum that is typically two or four times your current salary which may be passed on to your spouse. The amount depends on the type of pension you have, the age you die and your beneficiaries.

Yes. You can use your pension to help with your income if you are still working or use it to work fewer hours or to retire early. However, currently you will not get your State Pension until you are 65.

It is a good idea to start a pension as soon as you can, which is usually when you start working. This means you’ll have as long as possible to save for retirement and your fund has more potential to grow.

The amount you should save for your pension depends on how you plan to live your life once you have retired.

Deciding when to invest a lump sum can be difficult as you cannot predict when the markets will go up or down. Generally, it is better to invest sooner rather than later as this gives your money more potential to grow.

Four Wealth Management is a Senior Partner Practice of St. James’s Place Wealth Management. Our clients benefit from St. James’s Places’ distinctive approach to investment management which gives our clients the opportunity to diversify their investments and provides the best chance to achieve superior returns over the medium to long term.

To pay money into your St. James’s Place pension, you can contact your financial adviser at Four Wealth Management on 0117 973 0500. You can either pay in a lump sum or set up monthly payments.

The value of a pension with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than invested.