Retirement Planning - Mother & Daughter
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Retirement Planning - Mother & Daughter Baking

Who Can We Help?

Due to the constraints and terms of various pension funds, our Free Pension HealthCheck can only advise people who fit into the below criteria:

We can advise on:

  • Private or personal pensions
  • Old workplace pensions
  • Defined benefit (final salary) pensions
  • Pensions valued over £10,000

We can’t advise on:

  • State pension enquiries
  • Unfunded public-sector pensions (E.g NHS)
  • Non-UK residents or looking to leave the UK
  • If you’re already receiving annuity payments
  • Pensions valued under £10,000
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Managing your money

Getting financial planning advice before accessing your personal pension pot can go a long way to reducing your financial worries in later life. With people’s life expectancy increasing, you will spend more time in retirement than ever before, plus you may have health and care costs to consider.

The changes in pension rules have given those about to retire far greater freedom when it comes to using their pension pot, but freedom brings with it greater individual responsibility.

It is agreed that spending in retirement tends to follow the same trend regardless of your financial situation. People often spend more retirement income in the early, more active years of their retirement, with spending decreasing in the middle years and increasing again later in life with potential medical expenses more likely to be required.

 

Peace of mind

We work with all major UK pension providers, allowing us to find the pension that helps you meet your retirement goals and ensures your retirement is in experienced hands.

Budgeting for your lifestyle

There are several factors to consider. You may have income from employment; equally, you could choose to give up work altogether and tick off the items on your bucket list. You could decide to downsize from a family home to a smaller property now your children may have flown the nest, which could be more cost effective to run or perhaps consider equity release to bolster your retirement income.

You may want to help children or grandchildren financially by paying for university fees or helping them with a deposit for a home of their own. You may also have to plan for a time when you might need to pay for help around the house, and for the likelihood of needing medical and nursing care in your later years.

Take professional financial advice today to help with your retirement planning, call 0808 164 2664 or start retirement planning today.

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