Saving for Retirement

There are various ways of funding for retirement such as pensions, ISAs and other investments but deciding how much you need to set aside for your retirement is challenging.

During our meetings we will help you to quantify your retirement income needs, utilising computerised cash flow modelling tools, where appropriate, before recommending a solution that allows you to achieve your retirement goals and aspirations.

We can advise you on;

• Existing pensions, new pensions and other investments
• Pension transfers
• Pension tax relief
• Annual allowance planning (incl. carry forward, tapered and money purchase annual allowances)
• Lifetime allowance planning (incl. lifetime allowance protection)
• Pension sharing on divorce

Your dedicated financial planner will regularly review your overall retirement plan with you to ensure that the recommendations continue to be suitable based on your circumstances and an ever changing economic and legislative backdrop.

Retirement Income Options

With the introduction in recent years of more flexible retirement options, there are many avenues to consider when deciding how to provide an income in retirement.

We can help you to understand the options available to you, such as;

• Pension commencement lump sum (tax free cash) versus income
• Flexible access drawdown
• Uncrystallised fund pension lump sum
• Small pots
• Annuities

We will work with you to understand your income requirements and will provide recommendations to make the most of your assets upon retirement using your available tax allowances and reliefs.

You will benefit from regular reviews where we will assess your current financial position, the continuing suitability of our recommendations to meet your ongoing income requirements, the performance of any underlying holdings and to plan for passing any remaining funds on to your chosen beneficiaries, tax efficiently, following your lifetime.

The value of your investment can go down as well as up and you may not get back the full amount invested.