Pensions, Protection & Investments
Saving for your future, today
BFBA work with Eastlake & Beachell Ltd, our insurance brokers and financial advisors, to make sure that all aspects of our industry have the right sort of cover at an appropriate level, meeting the needs of the member and their family.
You should ensure that your income continues when your business ceases upon reaching your retirement date. One way to achieve this is to let your business pay for your retirement income and reduce your tax liability at the same time by investing in a Personal Pension Policy.
Contributions are tax efficient and are paid into a fund which grows almost entirely tax free until you reach your chosen retirement date. Our regular reviews will support you to reach your retirement goals. We can assist you in providing the most suitable advice at the point of taking your pension income.
Marie Beal, Eastlake & Beachell Ltd
Address: 7 The Crescent, King Street, Leicester LE1 6RX
Telephone: 0116 255 0226
Email: marie.beal@eastlakebeachell.co.uk
Farriers can face a number of problems
- The physically demanding nature of the farriery business means that many young farriers anticipate retiring earlier than colleagues in other industries
- Careers can be further shortened or interrupted by injury/joint problems
- The length of career and therefore the time available for saving towards retirement is relatively short for a farrier
- Some farriers wish to retire gradually over a number of years rather than at a specific age
Selecting the most suitable product
It is therefore vital to make not only adequate pension provision but also to select the right pension policy from the dozens currently available from Banks, Building Societies or Insurance Companies.
We have access to the vast majority of pension products.
Other products available
- Life Cover
- Investments
- Permanent Health Insurance
Permanent Health Insurance
Eastlake & Beachell Ltd have arranged a policy exclusively for farriers to protect their income in the event of incapacity from work.
Unlimited claims are available and in the event of a serious accident cover is provided for the rest of your working life.
There is a choice of deferred periods ranging from 1 day to 52 weeks before a claim can be paid. The policy price is not driven by occupation which is good news for farriers who are classed as high risk and usually find this type of cover expensive.