The basic State Pension is a regular payment from the government that you get when you reach State Pension Age (SPA). To qualify, you must have paid National Insurance contributions. The maximum level of State Pension you can currently receive is £113.10.
For individuals born after 6 April 1951 you will qualify for the new State Pension. The full new State Pension will be no less than £7,716.80 per annum. The actual amount will be set in Autumn 2015.
I recently retired after 17 years as Chief Executive of Support in Mind Scotland, a medium sized Scottish mental health charity. The organisation has long recognised the importance of accessing independent financial advice prior to retirement and has had an arrangement with Corporate Benefits for a number of years to offer this service to its staff. In my personal experience, the company does exactly what it says on the tin! I was given very helpful, accessible advice. Iain McCallum was not only proactive in his approach; he was also very responsive to any queries I had. I was made aware of the various options available to me, including enhanced annuities. As a result, I improved my net retirement income by 35%, a not inconsiderable amount. As well as receiving guidance with the personal pension arranged through my employer, I also benefited from assistance with the administrative process for other existing pensions. Overall, Corporate Benefits transformed what can be a stressful and confusing experience into one that was straightforward and easily understood. I would happily recommend them to others.
Hi Iain, I cannot thank you enough for the advice, support and service you have provided to me throughout this process which has been outstanding from start to finish. You have made the entire process easy and hassle free and have negotiated an enhanced annuity for my father. I cannot thank you enough and will recommend you wholeheartedly to every single person I know that ever needs pension advice or indeed financial advice of any kind. Best regards David
Thanks to the team at Corporate Benefits for the very professional and straightforward resolution of my pension difficulties at retirement. Consolidating my four separate pensions into one and getting an enhanced annuity due to my health problems had given myself and my wife quite a few worries but not any more. Great communication , clear, upfront and concise advice from start to finish of this process has lifted a weight from both of us. Once again thank you . Murdo and Margaret Dolan, Glasgow
The service provided by Corporate Benefits was very helpful in my husband and me attaining our dream of early retirement. Their approach was that they knew the specific issues that we would have to deal with, provided answers, resulting in a beneficial outcome. My husband had three pensions and they dealt with the complexities of this with expertise. They are professional, knowledgeable and extremely helpful.
“Corporate Benefits have made a very confusing situation very easy to manage. They gave us very clear sensible advise and clarified the confusing situation that surrounded the new pensions legislation. Our advisor was extremely friendly and knowledgeable about the new arrangements and was very good at listening to our needs and advising us appropriate to meet those needs. We feel we’ve had a very high quality service from our advisor and would be very happy to recommend them.”
I am delighted with the Retirement Advice provided by Corporate Benefits Consulting Ltd, in particular, the way Iain McCallum explained every option carefully and in a way that I could easily understand so that the whole process was very straight forward and hassle free.
The current team at Corporate Benefits Consulting have had MacLean Electrical as a client for around 10 years now and over that time we have got to know them well.
Our Client Manager Maureen Ruddy, has guided our ever- expanding company through the pensions minefield of the last decade, offering advice which culminated in us closing our Final Salary Pension Scheme in 2007 and then going on to establish a new GPPP for all employees. Corporate Benefits guided us through this complex situation and continue to act as advisers to both the Trustees of the closed FS Scheme and also to the individual Members of the new GPPP.
At MacLean Electrical we feel it is important to get to know our service providers so that they can understand our business well enough to allow us all to work together and utilise all of our time effectively. In this way, Corporate Benefits have assisted us greatly by removing a large proportion of the day to day administration burden of running our schemes and they have also been of great assistance in guiding us through the various legislative changes experienced by pension schemes over the last decade and of course beyond.
The experienced team at Corporate Benefits is worth considering if you are a business who needs sound, relevant and effective advice regarding your Pensions and Employee Benefits packages and I would have no hesitation in recommending Corporate Benefits to you.
We have been a client of Corporate Benefits for five years and have found the team to be very professional, knowledgeable and up to date with what’s happening in the benefits arena, and who a provide a friendly and expert service to all our employees.
Our Client Manager, Maureen Ruddy, has guided us through the minefield of pensions and most recently provided expert advice and guidance leading up to auto enrolment.
Corporate Benefits have taken away the administration burden associated with pensions and benefits and provide relevant, timely and up to date management reports.
If anyone needs assistance in developing a tailor made benefits package for their company I would have no hesitation in recommending the team at Corporate Benefits to find the right solution and delivering sound professional advice.
“I established my first personal pension with Corporate Benefits on starting a new job in 2014, having previously held a corporate pension. Being fairly new to pensions, Corporate Benefits were extremely helpful in giving me enough information and advice to understand the tailored pension they recommended for me. They have happily answered any questions I have had during the process, including helping me to understand clearly the breakdown of payments and investments. With the pension recommended for me, I have been able to monitor the pension growth and personalised regular investment reviews made via a web portal which has been both interesting and rewarding. At my first yearly review, earlier this year, I was pleasantly surprised by the growth over my first year and reassured that the regular monitoring of my pension strategy are benefiting me over the longer term.”
Corporate Benefits offers a highly professional service with a level of personal attention not often found nowadays. I have dealt with the team for many years now and would not go past them.
They have guided our organisation through the complexities of changing pension plans and providers and made it easy for us to implement the changes. I find them friendly and approachable and trust them implicitly to always give us the best of advice on all financial matters.
I therefore have no hesitation in recommending them to other businesses or individuals.
