Retirement
Retirement planning
Saving for your retirement is arguably the most important investments you make and guidance on the many options available is imperative to ensure retirement planning doesn't overwhelming you.
We have specialists who advise on all aspects of pension planning, from the investment of contributions to helping you understand your options on retirement, the monitoring of retirement income and ensuring your residual pension fund on death goes to your chosen beneficiaries.
Our retirement planning service includes advice on:
- pensions accumulation and other savings
- pensions decumulation to meet your retirement income needs
- safeguarding your pension on death
Options at retirement
As life expectancy increases, retirement can represent more than a third of one's lifetime. So when you reach retirement, sound financial plans help ensure that care is taken of your future income needs over a long period of time.
Individuals have many options when taking the benefits from their pension funds at retirement as follows:
pension deferral if income is generated from other sources
annuity purchase - these come in many different forms
- single or joint life - what happens if your spouse predeceases you?
- level or escalating - how long do you have to live to benefit?
- investment linked or fixed - is this better than drawdown?
- value protection - is it worth the expense?
- phased release of tax free cash to supplement income
- loss of death benefits
income drawdown
- immediate or phased release of tax free cash?
- fixed drawdown
- variable drawdown - do you have £20,000 of secured pension income?
- short term annuities
- annuitising at 75 - is it still necessary
- death benefits and post 75
Guidance through the range of options together with a summary of the advantages and disadvantages of each of them to you will be key to you selecting the most appropriate route for you and your family.
Why choose us?
- our advice is Director led
- our team is professional and highly qualified
- our service is fee based and objective
Contact us
If you would like to find our more about how we can help you plan for your retirement please contact one of our advisers in your preferred office.
