Retirement planning and pensions

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Financial planning > Retirement planning and pensions

Retirement planning and pensions

Chances are if you’re looking for retirement planning, you’ve got questions you want to find real answers to questions like:

Have I got enough money to live on?
How long will the money actually last?
Will I able to maintain my current living standard?
Will my pensions go to my children?

Get answers to all of your questions from our expert advisers who will work with you through your retire

Download our free
retirement planning and pensions guide

We’ve created a guide on everything you need to know about retirement planning and pensions, so you have a complete understanding of the topic.

Download our guide

Over half of the UK (56%) is not making adequate preparations for retirement*

Don’t leave your retirement up to chance. When the time comes, you will thank yourself for having everything already put in place.

You want someone to explain how everything will work in clear and upfront language; we want to accomplish that.

By listening and asking the relevant questions, our expert advisers will help you form a realistic picture of your personal retirement goals so you can make informed decisions that you feel confident about.

*(Source: The Future of Retirement HSBC Survey, 15th Edition)

What to expect

Every client we work with is different. But how we start the conversation is always the same.

We want to know what has made you reach out for financial advice. What has caused you to begin thinking about your finances?

By pinpointing your main points of concern, we can take a closer look at formulating the correct solutions for you. As we work together, our number one priority is to be clear, upfront, and to the point.

You will be making confident decisions about your retirement because you will understand your money. Our conversations will use language that you can understand – no finance buzzwords, no unexplained figures, and no complicated explanations.

We make sure to avoid language that leads to more complications than clarity.

Ready to
start the conversation?

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Assessing how close you currently are to achieving your aims

An important part of the conversation will be in relation to your current circumstances. You might be closer than you think, but its hard to know without getting a complete picture of:

Regular outgoings
Any pension scheme or pension money
Available allowances
Sources of income ad savings
Projected funds, investment finance and other incomings

Laying out your retirement options

Once the adviser has an idea of your financial situation they will then be able to look deeper into the figures and lay out your retirement options.

The advice and recommendations will be made in accordance to your retirement wishes and your financial position, so you’re able to think realistically whilst planning ahead.

You’ll discuss how much you will need to retire comfortably, how you can make the most out of your savings through tax-efficient withdrawals and what you need to know about setting up your investments to suit you.

Take the first step towards a worry-free future by thinking about your retirement plan today. Speak to our team to get started.

FAQs

Will my pension run out?

Whether or not your pension will run out depends on a number of things. Your retirement lifestyle will play a large part in this, which is why it’s important to have a plan in place. The performance of your investments will also have an impact on your pension but working with a professional adviser can help you to minimise your losses and re-evaluate your portfolio if needed.

How much do I need to retire?

How much you need to retire depends on what you want to live like in retirement. If you want numerous holidays a year, constant meals out, and a few renovations in your house, you’ll need to have quite a substantial amount in your pension to enable you to do so. Your money will need to accommodate your lifestyle so its essential to plan for this.

Do I get taxed on my pension?

If you access your pension, you are taxed at your marginal rate of income tax. However, you are entitled to access 25% of your pension completely tax-free. You can take this amount in one go or you can spread it over small lump sums. Be aware that if you take your pension pot in one go, you will be taxed on 75% of it.