Retirement Planning

The pensions landscape is continually evolving. As such, financial planning options around pensions are now more complicated and therefore require professional advice.

Whilst pensions remain the most tax efficient way for you to save money for retirement, the rules surrounding them are constantly changing. This has resulted in the demise of the final salary pension, along with the ever-changing restrictions placed on how much can be saved into a pension, both on an annual basis and overall. This means that more and more of us will need to work longer and will need to be more resourceful over how we structure our retirement incomes.

Individuals have a great deal of flexibility in terms of making pension contributions. This is a very tax efficient way of saving and having the flexibility of modern pension schemes makes this more appealing. We can help you explore the options open to you.

It is, therefore, essential to plan in advance, and the further ahead we can plan with you, the more likely it will be that you can achieve what you had hoped for in terms of securing your own and your family’s financial future.

However, planning in advance is only one aspect that needs consideration. The potential sources of retirement income should not always be restricted to pensions, given that it can be far more tax efficient to draw from other resources, either first or in combination.

That is why we start each relationship with you with a far broader conversation than some think necessary. It is our belief that the right advice cannot be guaranteed any other way. This will be followed in due course with a detailed analysis and associated financial modelling of what your income position is likely to be for you. This ensures clarity around issues that are not always straightforward at first glance and provides the confidence that you will be making the right decisions based on your personal circumstances and objectives.