Have a £100,000 pension pot?
Can you retire comfortably?
Throughout your working career, you and your employers may have been paying into a workplace pension, but can you retire with a £100,000 pension pot?
According to research from Which? The average UK household will need £26,000 per annum to cover the basics and enjoy a comfortable retirement*.
Using the above figures, your pension fund may only last three or four years in pension drawdown or buying an annuity may make it last a little longer.
All is not lost though, making a few small changes today through our Pension HealthCheck could boost your pension pot substantially.
Can you boost your £100,000 pension pot?
If you’re looking at ways of increasing your pension fund of £100,000 without increasing your monthly deposits, then checking the management fees could be a great place to start. Reducing your management charges from 3% to 0.5% may not seem a lot, but this could equate to £1,000s of pounds extra when you come to retire.
Our Pension HealthCheck will assess whether the fees you are paying are restricting your pension pots performance, potentially helping you along the way to a larger retirement fund.
To use our Pension Calculator, enter your pension pot size and age below, to see how much potential your private pension has to grow:
Lowering your charges, could boost your £100,000 pension pot.
What can you do with
your £100,000 pension pot?
Get a pension assessment – if you’re still planning to work and contribute to your private pension or workplace pensions, it’s probably wise to carry-out a pension assessment. Checking you’re not paying excessive fees, suffering poor performance and have the flexibility to carry-out your retirement plans can help with retirement planning.
Pension Drawdown – instead of purchasing an annuity, you may consider pension drawdown and take income from the pension when you require it. Alongside Drawdown, if you are over 55, you may be able to release 25% Tax-Free lump sum from your pension to make things a little more comfortable today.
Buy an Annuity – purchasing an annuity is the traditional way of providing an income in retirement. Depending on the type of annuity purchase, you could receive a regular income for a fixed term or until the funds run out.
Peace of mind
We work with all major UK pension providers, ensuring your retirement is in experienced hands.
Convenient Pension Advice
Unlike traditional Financial Advisers, we aim to be more flexible and available when you need us. Our service is telephone and email based, allowing us to work for you at a time that is most suitable for you. This flexibility gives you access to one of our fully qualified and FCA regulated Independent Financial Advisers in the comfort of your home and without the need to book an appointment weeks in advance.
Although we are an online and telephone business, your details and information are fully secure. Any data you provide through our website is encrypted and also shielded with multiple layers of security for your protection.
As a forward thinking online & telephone based business, this enables us to keep our fees low, so that we can pass those savings on to you, hopefully taking you closer toward the retirement you desire.
ISO 9001 accredited – meeting the international standard for quality management
5 Star Trustpilot rating – consistent positive customer feedback
Independent & transparent – we are not tied to a single pension provider
Authorised and regulated by the Financial Conduct Authority – for your
peace of mind