We all dream of retiring in comfort and financial security. Perhaps you plan to travel, pursue a new hobby, or spend more time with family. Regardless of your goals, receiving sound pension advice from an experienced and reputable local pension adviser is crucial. Our expertise in all areas of pensions, including pension transfers, combining pension pots and pension planning coupled with our combined experience of over 90 years in the financial sector, can help you make informed decisions about your pension.


To put things simply, a pension is a government-backed tax savings incentive to encourage you to save for your retirement. You will receive tax relief on your money as it goes into a pension, and you can also take a percentage of the money tax-free. In most cases, you cannot access the funds until you reach your minimum pension age, which is why the proper execution of a pension savings strategy is one of the most important pillars of retirement planning.

As your circumstances change, there may be a time in which you need to transfer your pension. A pension transfer is where you move the value of your pension contributions from one scheme to another. There are different reasons why you may require a pension transfer. For example, your current workplace may have a scheme that is being discontinued, you may have seen another scheme that suits your personal situation better, or you may be going through a divorce and need to split your pension assets.

No matter what the situation may be, at KLO Financial Services, we have a local pension adviser team who are happy to help with any questions you may have surrounding your pension and advise you on the best route to take based on your individual circumstances.


Regardless of income, most people go through life with the expectation that they will be able to retire and continue to live comfortably. However, without sufficient planning, it leaves the door open for things to go wrong in the future, by which time it’s usually too late.  When you are closing in on retirement age, the last thing you want is to find out that you have less money in your pension pot that what you had originally thought, leading you to struggle through the years that you should be unwinding.

As the average life expectancy continues to rise, ensuring that your pension is working alongside your larger retirement plan is fundamental. Our financial planners will put you on the right track, ensuring that you have the right pension scheme and the necessary capital to guarantee that you have a sufficient blue print to safeguard your future.


Our experienced pension advisers can provide bespoke solutions that work for you and your family. Working alongside us means that you can rest easy knowing that you are prepared for life after you retire.

Our pension advisers can assist you with:

  • Auto-enrolment pensions
  • Pension drawdown
  • Pensions & divorce
  • Pensions & retirement planning
  • Pensions review
  • Pensions transfer
  • Overseas Pensions


Like everything, pensions have changed over time. As have the laws and legislations dictating what we can and can’t do with them. Trying to make sense of these changes and boundaries on your own can feel overwhelming. At KLO Financial Services, our experienced and knowledgeable advisers will be there for as long as you need to offer personal, bespoke solutions.

It has never been more important to choose a financial advisor who takes the time to listen and understand your unique needs and financial goals. Recent changes in pension regulations have added more complexity to retirement planning, however all of our financial planners are regulated, requiring them to stay up to date with changing laws and regulations, which means this is one less worry for you. We are equipped to respond to changes that affect your pension and your dreams of retirement.

Our knowledgeable client team will analyse your employment history, pensions, and financial objectives. Then we will thoroughly explain all the benefits and drawbacks, allowing you to make an informed decision.

By taking the time to listen to you, we gain a thorough understanding of your unique financial affairs and goals. We then explain how your pension works in a straightforward way, so you can make the right strategic decisions for a secure financial future.

Contact Us Today

We would be delighted to discuss your pension, pension transfer and your retirement goals with you. If you’re looking for a local pension adviser, the first consultation is always at no cost and comes with no obligation.

If you’re worried about life after you retire, talk to a local financial adviser about retirement planning by calling 01926 492406 or emailing enquiries@klofinancialservices.com.


The importance of pensions shouldn’t be underestimated. Below, we have listed five key benefits to financially preparing for your retirement with the help of a pension:

Tax Relief

By paying into a pension, you will qualify for tax relief on your contributions. If you pay into an occupational or public service pension, your monthly pension contributions are usually deducted from your gross wage, meaning you do not have to pay any income tax on the amount paid in.

If you pay into a personal pension, you can claim the tax relief back from the government as the money you pay is from your net salary.

The tax relief is a great help in building up your pension fund prior to retirement and means you are able to give larger contributions.

Guaranteed Income

When you near the end of your working life, you have the option of purchasing an annuity to guarantee you an income throughout your retirement. There are several different types of annuities available, however, they will all provide you with a weekly or monthly sum for you to live on throughout your retirement.

Employer Matched Contributions

Another benefit of pensions is that employers are required to match your contributions to a certain value as part of your salary package. This essentially doubles the funding of your pension and is an easy way to boost the overall value of your pension fund.

Peace of Mind

One of the most important benefits of having a pension is that you can reduce financial worry, not only during your retirement, but also in the years leading up to it. With the support of a financial adviser, you can sleep at night knowing that you are preparing for life after you retire in an efficient, and strategic way.

Looking at the Bigger Picture

Pensions are a massive contributor to your bigger retirement plan and can work alongside your other saving methods in order to prepare financially for your future.  A pension adviser can assist you in finding the right pension, while offering retirement planning advice.


Q1. Why do I need a private pension, is a state pension not enough?

The UK State pension you receive is unlikely to provide you with a comfortable standard of living, so you will need your own pension to supply additional income when you stop working.

Q2. How much should I save for a pension?

This is dependent on your own personal situation. Most people hope to retire on two thirds of what their salary is at retirement, but very few get there without professional financial assistance. At KLO Financial Services, we can help you develop personal financial goals and achieve them.

Q3. When can I access my pension?

In the UK, the normal minimum pension age is currently 55, however some schemes may allow you to access your plan early. It’s important to note that just because you can access your pension, it doesn’t mean you should. We can assist you with understanding how and when you should access your pension.

Q4. Can I take a lump sum from my pension?

Generally, the answer is yes. Most pensions let you remove a portion tax-free, but some policies may have different rules.

Q5. What is an annuity?

An annuity is an insurance policy that you can purchase using your pension pot in order to guarantee you a monthly income. There are two types of annuity: lifetime annuities and fixed-term annuities. Lifetime annuities will pay you an income for life, whereas fixed-term annuities will only pay an income for a set period.

Q6. Should I invest my pension?

This is a personal decision that should be made after careful consideration of many factors. These factors include your pension scheme, your feelings towards risk and what your expectations are. Our financial planners can assist and advise you on portfolio diversification and investments.

Q7. What happens to my pension when I die?

Should you pass before you retire, your pension fund is normally paid to your beneficiaries.