Financial planning for your retirement
Maintaining your standard of living in retirement is a concern for many people. The Government’s message that individuals need to be taking more responsibility for their financial wellbeing must be taken on board with the State no longer providing an adequate retirement pension, the rapid decline in final salary pension schemes and increased longevity.
Your situation is complex
Many people’s pension situation is complex, with a number of different pension schemes being accumulated over their working life. As part of our financial planning process, will take time to unravel the detail and consider whether you have adequately provided for your retirement.
You need sound retirement planning advice
You can do much to ensure that sufficient critical capital is built up. This may include the best use of your annual Individual Savings Account (ISA) allowance or setting up a stakeholder pension. For larger sums, a Self Invested Personal Pension (SIPP) might be appropriate. At Financial Design, we can give you useful SIPP advice, ensuring that any SIPP investments you might make are consistent with your retirement financial planning goals.
You need tax efficient solutions
We will always consider the tax implications of our advice. However, any decisions should be made in the context of your overall financial plan, rather than to achieve a short term tax benefit.
A financial planner who understands legislation
The Government's radical Pensions Freedom announcements during 2014, has provided greater flexibility for those people approaching, or over age 55. Pension freedom now gives people the choice to draw upon pension funds, in part or in full, which could create a fantastic planning opportunity. We specialise in retirement planning and can offer you the very best in retirement planning advice to help you consider the best options available for you.