Pensions & retirement advice

You may have already thought about when you want to retire and how much income you’ll need from your pension to enjoy the best that life has to offer. The challenge is ensuring you have the finances in place to achieve these goals.

Decisions you make now can have a big impact on your retirement income and lifestyle – so it’s important to get the right advice. That’s where we can help.

We’ll guide you through key decisions, advise you on tax-efficiency, and make sure you’re saving enough into your pension – so you can enjoy the retirement you deserve.

Areas of retirement advice

There are two distinct areas of retirement advice:

  • Ensuring you have enough income and capital to fund your retirement years.
  • Having built up sufficient assets; looking at how best to draw from those assets to achieve the level of income you need.

Whilst in many ways these two areas of advice are separate they are linked. This is because how you intend to take income in retirement will affect the way you look to build those assets.

Choosing the right investment wrappers pre retirement can open up many more options when you come to retire.

Being tax efficient with your investments prior to retirement does not always lead to the most tax efficient income when you start to draw on the investments so a balanced approach to both elements of retirement planning is required.

Having taken these points into account the other major consideration is to ensure that the plans that are put in place are personal to you. 

Options at retirement

When you decide to retire, you will need to make some decisions about how best to use your retirement fund. Your retirement may be a one-off action or happen over a period of time as you reduce your work commitments. We can help you make the right, tax efficient arrangements to fund your retirement as it happens. This could mean income from a combination of annuities and investments. Whatever you decide - whether or not you need to be flexible with the level of income and how much investment risk you are comfortable with as you enter retirement - we can help you to find the right solution for your needs.