Slide background

Retirement planning

Although retirement planning can turn into a complicated affair, a pension is simplest way to provide a tax efficient savings plan.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Some questions you may want to consider are:

    • How much do you need to save?
    • Is a pension the most appropriate solution?
    • Should you take tax free cash?

There are broadly two main aspects to pensions; Savings and Drawing an Income. We can help with both.

Preparing for retirement requires thought, time and planning. It is something many people put off for as long as possible, but the sooner you start saving into a pension, the greater your income in retirement is likely to be. After all, the basic State Pension is most probably not going to provide you with the standard of living you would want later on in life.

You may have a pension in place from previous employers or from private pensions you have already set up. If you are considering transferring these into a new personal pension plan or self-invested personal pension (SIPP), we can assist. We can provide an overall strategy to bring together pensions and other investments to form an efficient and unified retirement plan.

We will take the time to sit down and fully understand what you need for your retirement, together with the provisions you already have in place to ensure we can ‘fill the gap’ and ensure your income is enough for you to live and enjoy retirement as you would like.

Investments and savings

There is a variety of reasons why someone would think about investing; to support your lifestyle later in life, to put your children through university or further education, or to simply provide an additional income to supplement your earnings.

Investment involves taking a calculated risk to increase your financial return on the money invested. You invest in assets that could rise or fall in value so there is an element of risk involved because you may end up with less capital than you started with or not get the income you hoped for, for this reasondiversification is important in reducing this risk, ensuring you don’t put ‘all your eggs in one basket’.Spreading your risk can be key.

Our team of financial planners are experts in this area and can provide investment advice tailored to your individual circumstances.

The value of the investment and the income they produce can go down as well as up and you may not get back as much as you put in.