Whether it’s a well-deserved reward for a job well done, or down to a change in circumstances, our independent financial advisers can help you to understand your options for retirement. If you’d like to access your funds before your state pension kicks in at age 66, we’re here to share our informed advice to help you navigate the next stage of your life.

Entering retirement can prove confusing, especially with so many factors to consider. From your health, to potential downsizing, consolidating multiple pensions or ensuring you’ve made all the right contributions before you leave the workforce, you’ll need to look at the whole picture. Our advisers can help you to understand the level of income you will need for your retirement, and whether this can be met by your forecasted investment returns.

Entering Retirement

Why sorting out your pension is so important

Your pension is the most important tax vehicle to an individual, and here’s why:

  • You receive tax relief on any contributions
  • Any gains on funds are free from Capital Gains Tax
  • Pensions are not assessed for Inheritance Tax
  • Withdrawals can be taken flexibly, and amounts can be set to the clients needs whilst the remaining funds continue to grow
  • Tax-free withdrawals can be made at the age of 55
  • Pensions can be inherited by a beneficiary

What are your financial goals for retirement?

Are you unsure how much income you will have in retirement? We’re here to help simplify the journey into retirement, while growing your investments in a tax-efficient way.

We’ll explore your outgoings, expenses and any future income as well as exploring any future pension contributions (which are tax-efficient until you turn 75). We can help you to understand your state pension entitlement, consolidate separate pensions and make informed choices that can boost your retirement fund.

We ask anyone approaching retirement to carefully consider:

  • What specific plans do you have for the next five years?
  • What does retirement look like to you?
  • What concerns do you have about your financial situation?
  • Is there anything else we should know about?

Of course, depending on your financial circumstances, there are other considerations to bear in mind. This can include bridging the gap between employment and your pension for early retirement, how and whether to take advantage of the tax-free lump sum, or ring fencing your pension to protect it from Inheritance Tax.

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Guidance we can provide

  • Pension consolidation
  • Retirement planning
  • Investment options in retirement
  • Guidance on how to build wealth efficiently
  • Planning to pay off any high-interest debt
  • How to pass on wealth to beneficiaries
  • Cashflow modelling to forecast retirement income
  • Life insurance advice

Pensions are flexible investments – typically, most people will have a mix of both private and workplace pensions. Planning for retirement is a big task, and we’re here to provide our clients with reassurance and guidance on their future.

An initial consultation is completely free of charge, simply get in touch with our team of expert advisers today.

Contact us about entering retirement