Retirement planning explained
Getting on the right path for a brighter future
No matter what stage you’re at with your retirement plans, there are decisions you’ll have to make. Our guides will help you understand the decisions you’ll face and our financial planning advisers will help you make the right ones.
Use the information and guidance here to get to grips with the wider issues of retirement planning.
If you haven’t made any retirement plans yet, don’t put it off any longer. And if you need help understanding the issues, don’t worry – our financial planning advisers will help you every step of the way.
Why should you plan for your retirement?
How much money will you need when you retire?
Read our getting started guide for help in understanding your financial future.
You’re already committed to securing your financial future, now you need to take some serious action.
If you have some plans in place, that’s a great start, but don’t let them go out of date. Are you still saving enough and are you getting the most from the tax advantages of pensions and ISAs?
It’s time to get serious. You understand why you need to plan for your own financial future. Now you need to do something about it.
It’s time for a review
Make sure you’re saving enough
For guidance on how you can keep your retirement plans on course, check out our planning for retirement guide.
As you approach retirement age, it’s time to start thinking about buying your future income with your pension fund. You could also take a look at your other investments – are you getting the most from them?
There are wider retirement issues to think about as well, such as inheritance planning.
Buying an annuity with your pension fund
Saving and investing for income
Just because you’ve retired doesn’t mean you can’t do any more to maximise your retirement income. If you have money to invest, you can use it to produce more retirement income.
When you retire, you also have to think about other issues such as passing on your wealth to your dependants – in the most tax efficient way you can.
Make the most of your investments in retirement
Make some plans to pass on your wealth
The cost of delay could be more than you think
Put off saving for your retirement for just one year and it could cost you a lot more than you’ll ‘save’.
How long will you be retired for?
You could be retired for 25 years or more so you need a retirement plan that gives you a good income for a long time.
Risk explained
Some types of investments are riskier than others. The ones with more growth potential are usually higher risk.
Inflation explained
Over a number of years, inflation can reduce the purchasing power of your pension fund, and your retirement income.
State benefits
The state won’t look after you – it’s up to you to make sure you look after yourself.
Financial planning advice
It's the first step for anyone who's serious about planning for their retirement. Our service is confidential and without obligation.
Get in touch
We’re here to help you cut through the complexities of retirement.
Contact us today for an appointment with one of our Financial Planning Managers.
Call us on
0800 051 1868*
*Minicom 0800 404 6161. Lines are open: Mon to Thurs 8am-8pm, Fri 8am-6pm,
Sat 9am-5pm (excl. public holidays).
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Glossary
Still struggling with retirement planning jargon? Check out those tricky terms with our glossary.