McLean’s Financial Services

Tax-efficient wrappers provide a wide variety of options
Many of us depend on our pension for our future security and financial well-being. After our homes, a pension is likely to be our largest single amount of invested capital. As the population as a whole is living longer and has more elaborate plans for retirement than ever [...]

Consolidation of your retirement funds could bring benefits
Most people, during their career, accumulate a number of different pension plans. Yet maintaining separate plans can be inappropriate and complicated and lead to lost investment opportunities, exposure to undue risk, higher costs, and more.
Talk to us about how we could potentially help you avoid these problems, if [...]

It is 100 years since the very first State Pension was introduced. Lloyd George introduced State Pensions in August 1908 when the Old Age Pensions Act was passed.
The first State Pensions guaranteed a minimum income to people over seventy. They received up to five shillings (25p) and were means tested.
Since then, the State Pension has [...]

Setting financial targets is the key
Your ability to enjoy a long and fulfilling retirement will depend largely upon how well you accumulate assets throughout your working life and what you do with them once you have retired.
We can work with you to develop a strategy and help you build up the funds you’ll need to [...]

Keeping hold of your property
The fear of having to sell our homes to pay nursing-home fees, when we would rather pass them on to our family members is a common scenario facing many of us today.
One possible solution that could enable you to avoid having to sell your home is the setting up of a [...]

A fair share of prosperity
The government’s ultimate goal is to ensure that all pensioners have a decent and secure income in retirement and to share fairly in the rising prosperity of the country. This means, among other things, ensuring that people are independent and protected in retirement. People are living longer than ever before, and [...]

Getting to grips with the language of retirement
Additional State Pension
The earnings-related part of the State Pension built up in the State Second Pension and/or the State Earnings Related Pension Scheme (SERPS).
Additional Voluntary Contributions (AVCs)
Employee contributions payable to a salary related occupational scheme that are over and above the normal contributions required by the scheme rules. [...]

Benefits and tax allowances
When you retire you may be able to get certain benefits on top of any State Pension you’re entitled to. Some of these benefits are age-related, others depend on your income. Tax allowances are also more generous from age 65 if your income is below a certain level.
Basic State Pension
The State Pension [...]