When you retire your bills will not go away, and ideally you will want to maintain the lifestyle to which you have become accustomed. Unless you are confident of a large inheritance or windfall, then you need to provide yourself with a secure income for the rest of your life.
We provide impartial & comprehensive retirement & pensions advice without the jargon. We guarantee ongoing investment advice, fully transparent charges with a broad choice of investment funds.
We cater for people looking to start or review a pension plan, and also for those who wish to transfer or draw down their pension pot. Our one-on-one consultations also include a review of any existing pension plans.
Our Pensions expertise extends to:
Our pension experts will help prepare a pension plan which is regularly reviewed and provide you with a reasonable level of income in your retirement.
A pension plan requires action as soon as possible, so the earlier you start, the better. If you already have a pension, take the opportunity to have a closer look at your existing arrangements to make sure it is the appropriate plan for you.
It is important to remember a pension is a long term investment and the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
The answer to this is up to you and depends on your aspirations. We will need to determine what your day-to-day living costs are for you and your partner in retirement. Also what will you want to do now you have time on your hands and what expenses will disappear such as children and mortgage repayments etc.
Once you come up with a figure, we will help ensure it provides a buffer against the unforeseen and unexpected. Now you will have arrived at the amount of pension that you should ideally be planning for. Also, bear in mind that pensions are taxable, so you will need to allow for payment of Income Tax when arriving at your final pension figure.
Planning for our financial security after retirement is one of the most fiscally responsible things a person can do.
The advantages of a pension are clear: a comfortable retirement, tax savings and the peace of mind of knowing your financial future is secure. However, so many of us still put off starting a pension.
Citywide Financial Solutions’s Do I need a Pension blog outlines why you should start a pension immediately and the advantages of selection the right type of pension.