Retirement Planning Advice

Whilst retirement for some of us is a far off destination, planning early reduces the burden of pension funding the closer we get to retirement. At some point in the future, our earned income will stop and we will look to our savings to fund our lifestyle in retirement.

Of our accumulated savings, a large proportion of this money will be held in either a personal pension or a company pension.

It is important to be aware that at retirement there are now a number of ways of taking your retirement pension income. It is important to make an informed decision as some of these options are irreversible.

The main retirement planning considerations will be:

Income - the maximum starting income, whether this is level or

increasing and whether it is guaranteed.
Death Benefits - whether this is a lump sum payment or a

dependants income and the tax consequences of each option.
Flexibility - to vary your income, have the prospect of a rising income

and change these options as your circumstances change.
State of Health - this is important to consider as it may increase the

benefits you receive and have an impact on how you take them.

For more information regarding retirement planning advice please contact us on 01633 415 340 or contact us here
Please note that initial retirement planning consultations are free of charge and at no obligation.