In 2015, the government implemented radical changes around what we can do with our pensions. We now have much more freedom to do what we want with our pension assets, starting from the age of 55. This is clearly good news. However, new freedom brings ever-increasing choice and making the wrong decisions can have big consequences for your retirement lifestyle.
From an annuity or flexi-access drawdown to phased retirement, the options are varied and complex. What you need during early retirement may differ considerably to what will be required in those later years. Striking the right balance between drawing income and preserving your capital - even providing for the future of a spouse or other family members – calls for expert insight and guidance.
First, we will sit down to understand your current retirement needs and discuss what could change further down the road. We will also take a close look at your current retirement assets – whether that’s pensions, property, or any other type of investment – to get the full picture of your position. Then we can make our recommendations.
You may likely be looking for income from your retirement assets, for example. But as none of us can be sure how long we will be around for, careful ongoing planning is crucial to maintaining an ongoing income stream. On the other hand, just because you have stopped working it doesn’t mean your retirement assets should. So good retirement planning means striking that balance between growing and preserving your retirement pot, while receiving the money you need.
This requires continuous assessment of both your position and your options. We will manage your pensions and other income-producing assets to make sure your strategy is suitable for your changing needs – and also takes advantage of the latest tax saving opportunities.
Our services are intended for people with over £100,000 of investments such as ISAs, cash and pensions.