Ep.61 Your Pension Questions Answered and Myth Busting with Rob Heath 3Nines Financial Planning

Welcome to Episode 61 of the Blue Light Leavers Podcast Now, this one really is a bit special, and this is going to help a huge amount of people.  Today, we're talking pensions and we're really fortunate to be speaking to Rob Heath.  Rob is a former police officer who retired due to ill-health after 23 years' service, and he's now the lead financial advisor for 3nines Financial Planning, and they offer bespoke financial planning for Police and Emergency Services personnel, and Rob is a Police pensions expert. He delivers pension presentations across the UK and he's just an all-round, lovely bloke.  Now the challenge we have here is that a lot of advice and guidance is based on your personal circumstances, and your personal goals and needs, so we've tried to answer all of the pension related questions that were asked within the Blue Light Leavers Group.  We've also tried to deal with some common themes and do some myth-busting. In this episode we talk about that sweet spot of when you should or could go, we talk about the 87/06 and 2015 pension schemes and we also talk about the some of the really bad advice, such as retiring a day before your 55th birthday, and we talk about the risks associated with opting out of the 2015 scheme and we also talk about the pension trap.  We also cover those with less than two years' service who decide that policing isn't for them, and the options they have in terms of getting access to their contributions. We talk about why having 25 years' service and being aged 50 is becoming much more relevant, and we also talk about becoming a financial advisor as a career path, and something that Rob talks about is the Aspiring Advisor Program. You can contact Rob through [email protected] The value of an investment of St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise.  You may get back less than the amount invested.  The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.  3Nines is a trading name of Eight Wealth Management Ltd, who are an Appointed Representative of and represent only St. James's Place Wealth Management plc, who are authorised and regulated by the Financial Conduct Authority. SJP Approved 18/11/22 Don't forget, you can also visit the website at www.bluelightleavers.com and join the private Facebook Group via www.facebook.com/groups/bluelightleavers The Academy Membership from Blue Light Leavers gives you all the help you need to find your new role or career, including live sessions with Andy and others who've been there and done it along with subject matter experts, talking CVs, LinkedIn, interviews and so much more. DOORS ARE NOW OPEN after 3 months of no new application, so if you're looking for a lot more help and support at a ridiculously low price and want to find out more, you can go to www.bluelightleavers.com/academy If you're not sure what roles you can do after the police, check this out: 'What jobs can I do after the Police?' Scorecard (scoreapp.com) You can listen to the podcast on shift, walking the dog, pottering about, and do it on your phone, desktop, laptop, or tablet, anywhere and whenever suits you, pause and play and they're all completely free! You can now even ask Alexa to 'Play Blue Light Leavers Podcast' and up it pops.