Retirement planning

Retirement planning can be a complex subject which is constantly changing and evolving.  However, we try to avoid financial jargon and simplify the process wherever possible.  Retirement planning is normally considered in two parts:

The accumulation stage – this is about planning and saving to build up sufficient assets to achieve the desired level of income and any capital needs in retirement.

The withdrawal stage – assessing the most suitable option in order to support your chosen lifestyle in retirement.

Following the pension’s freedom act, there is now unprecedented choice and real flexibility over how you can draw benefits from your pension.  We will work with you to understand your wants and needs then recommend the most appropriate course of action to meet these goals.

Essentially, all pension schemes are long term savings plans, which are intended to help you save money and provide you with an income in later years. However, unlike conventional savings plans, when you contribute into pension schemes, you benefit from favourable tax treatment. We will explain the benefits and drawbacks of these type of plans so you have a full understanding of the most appropriate way to fund your lifestyle when you finish work.

The tax treatment depends on your individual circumstances which may be subject to change in the future.
The value of your investment and any income from it may go down as well as up.  You may not get back the original amount you invested.

Want to know how much you need to retire or the best way to take your benefits?

If you are interested in working together, send us an enquiry and we will get back to you as soon as we can!