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Enjoy the retirement you deserve

Enabling you to achieve your financial goals and preserve your income

Enabling you to achieve your financial goals and preserve your income

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Enjoy the retirement you deserve

You’re ready to take a step back from working and enjoy everything life has to offer. By creating a financial plan at this stage, you can give yourself the freedom to choose the retirement you want – you’ve worked hard for your money and now you need your money to work for you.

There’s a number of questions you’ll need to ask yourself

Cost

How much will retirement cost?

Amount

How much do I have for retirement?

Tax

How can I minimise the amount of tax I’ll pay on my retirement income?

Passing on

How can I protect as much of my accumulated wealth as I can for my family after I die?

Sources of income

You can combine your pension income with savings from other sources, such as ISAs, and assets, such as property, to increase your retirement funds. If you decide to work part time after you retire, we’ll help you blend your pension savings to ensure you receive the income you want.

Passing on your pension

Passing on your pension

After retiring, you might choose to give some of your money to your children or grandchildren, or to charity. If it’s something you’re considering, we’ll help you explore the options, decide how much you can afford to gift and determine how best to reduce the Inheritance Tax (IHT) liabilities.

A pension can continue to financially support your dependants after you die and is often a tax-efficient way to pass on money to other members of your family. The benefits will depend on the type of pension scheme(s) that you belong to and their specific rules, whether you’re an active member and if you have started drawing retirement benefits.

Unless approached carefully, IHT can have a substantial impact on your family’s assets. We’ll help you understand your options and ensure the right plans are put in place to pass on wealth as tax-efficiently as possible and in the way you want – so you can continue enjoying your retirement without worrying about what might happen.

Investment options

If you’re buying an annuity, you’re likely to have followed a low-risk investment strategy in the years leading up to retirement. However, if you want to keep your pension fund invested after you retire and take an income from it, you’ll be relying on your pension to preserve your capital so that it lasts you all the way through your retirement years.

How you choose to invest will be down to your personal circumstances and preferences. Will you need a regular income, or will you be making withdrawals when you need the money? It may be appropriate to keep some of your portfolio in cash so you don’t have to sell investments when markets aren’t performing well. However, it’s important that you don’t allocate too much of your fund to cash as it is vulnerable to rising inflation – your adviser will help you strike the right balance.

Passing on your pension

After retiring, you might choose to give some of your money to your children or grandchildren, or to charity. If it’s something you’re considering, we’ll help you explore the options, decide how much you can afford to gift and determine how best to reduce the Inheritance Tax (IHT) liabilities.

A pension can continue to financially support your dependants after you die and is often a tax-efficient way to pass on money to other members of your family. The benefits will depend on the type of pension scheme(s) that you belong to and their specific rules, whether you’re an active member and if you have started drawing retirement benefits.

Unless approached carefully, IHT can have a substantial impact on your family’s assets. We’ll help you understand your options and ensure the right plans are put in place to pass on wealth as tax-efficiently as possible and in the way you want – so you can continue enjoying your retirement without worrying about what might happen.

If you’re buying an annuity, you’re likely to have followed a low-risk investment strategy in the years leading up to retirement. However, if you want to keep your pension fund invested after you retire and take an income from it, you’ll be relying on your pension to preserve your capital so that it lasts you all the way through your retirement years.

How you choose to invest will be down to your personal circumstances and preferences. Will you need a regular income, or will you be making withdrawals when you need the money? It may be appropriate to keep some of your portfolio in cash so you don’t have to sell investments when markets aren’t performing well. However, it’s important that you don’t allocate too much of your fund to cash as it is vulnerable to rising inflation – your adviser will help you strike the right balance.

Value

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.