Pension and Retirement Planning

You may be aware that there have been a number of changes to the way in which you will be able to take your pension benefits. You may be confused about all the pension changes, or quite simply just need a bit of advice to choose the correct path – we can help.

We can help with all aspects of pensions, annuities and retirement planning.

You should also be aware that you need to take into account various factors in connection with accessing your pension fund. We will discuss these with you during our meeting.

• Your state of health,
• Whether your pension savings offer any form of guarantee,
• The ongoing needs of your partner and/or dependants,
• The effect of inflation,
• Whether you have considered all the options available to you,
• Whether you will have a sustainable income in retirement.
• What the tax implications are.
• Whether you understand the charges involved,
• The impact on any means tested benefits.
• Do you have debt – how will taking your pension affect this?
• Are you aware of pension and investment scams and what they look like?

• Do you want to stop working altogether, keep working as long as possible, or gradually reduce your working hours?
• Do you have a specific age in mind?
• Will you need to sell any assets, such as a business or a property?

• Are there any once in a lifetime dreams you want to fulfill?
• Have you any plans to move abroad, or purchase a second property?
• Do you anticipate living in your current house or downsizing?
• When will you need to generate retirement income and how much?
• Will you need your income monthly, quarterly or annually? Does it have to be paid on the same day?

• Does it matter if some or all of your income fluctuates, or goes up or down? 
• What other income sources or assets do you have available?
• How important is certainty of income, is there a minimum you need to meet?
• Will you need your income monthly, quarterly or annually? Does it have to be paid on the same day?

• How healthy are you? Do you have any illnesses or any concerns about how long you might live, or require income for?
• Do you have any future financial obligations to meet, such as debts?
• Do you have dependants, such as family, who would be reliant on your income when you die? When if at all, would this dependency end?
• Do you wish to leave an inheritance?
• Should you need specialist care in later life, do you have any views on what type of care you would prefer?