+44(0) 1704 514 000 info@optasia.co.uk


Saving For Retirement



Retirement planning is all about working out how much to save now, so you can maintain the lifestyle you have been used to if not better.
We’re committed to making it as easy as possible to be able to explain your options and the best approach going forward. It’s highly recommended that you talk to a professional advisor due to the multiple options available to you.

We will discuss with you what the most suitable savings vehicles are and tax allowances available to achieve your saving targets for retirement.



Spending Your Nest Egg

Changes to government policy have increased the flexibility around when and how you can take your retirement benefits and therefore enables you to have greater control around how you take the benefits from the money saved for retirement.


Your entire retirement fund can be accessed from the age of 55, (even if you have not retired). This gives you full flexibility and control over when and how much income you take throughout retirement. Furthermore you have the option to decide if you want to leave a lump sum for your beneficiaries when you die.

Pension Annuity

This retirement product provides you with a taxable guaranteed income for life after retirement. You may get an enhanced annuity if you have a medical condition that affects your life expectancy. You could also choose to take out some or all of your cash as a lump sum. In most circumstances up to 25% of this will be tax free, the rest will be taxed at your marginal rate.

How We Can Help

Of course, you can choose to have a mixture of all the options discussed above and our advisers will help you with your decisions by carefully understanding your needs, outlining and comparing the different options and helping you select the most appropriate option for you.

We’ll also assist you in achieving your retirement goals by providing our cash flow planning tools to help you budget according to your plan.

With access to industry leading investment platforms and well known providers, we are able to help you to achieve a structured programme to not only save for your retirement but also take an income to suit your retirement needs.

We are easily contactable and will make ourselves available to you at short notice to advise and guide. By good communication, we hope to build a relationship with you, paying careful attention to your changing needs and circumstances.

For details about how we invest your savings, please refer to the investments section.


To speak to a member of our team, contact us on 01704 514000 or click here to send us an enquiry.

Pension Consolidation

Pension consolidation means combining all (or most) of your pension pots into one. Over your career you may work for many different employers, and so may build up quite a collection of different pension pots and/or pension schemes. See our helpful video for a full explanation on how our advisors can help you.

For Employers – Auto Enrolment

Auto Enrolment necessitated that every employer must automatically enrol workers into a workplace pension scheme if they:

  •  Are aged between 22 and State Pension age
  • Earn more than £10,000 a year
  • Work in the UK

A percentage of the employee’s pay is put into the pension scheme automatically every payday and the employer also adds money into the pension scheme for the employee who gets tax relief from the government.

How We Can Help

Openwork have partnered with Johnson Fleming who are a leading workplace pensions and employee benefits specialist, providing outsourced support to UK businesses for over 12 years.

With Johnson Fleming we can offer our clients:

  • A fully outsourced administration service, requiring minimal input from internal resources
  • Assisted set-up with their customer services team
  • Validation and testing of employee data to ensure it is fit for purpose
  • Full assessment and categorisation of a workforce
  • Management of the whole auto-enrolment administrative process including the handling of all contributions and opt-outs and opt-ins
  • Creation and delivery of statutory communications
  • Registration of a scheme with The Pensions Regulator
  • Full record keeping for the statutory 6 years including its maintenance
    Ongoing audit of transactions to ensure compliance

To speak to a member of our team, contact us on 01704 514000 or click here to send us an enquiry.

The value of investments and any income from them can fall as well as rise. You may not get back the amount originally invested.

HM Revenue & Customs practise and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.