Retirement Planning

 

Planning for retirement is a very important business. When you have worked hard all your life you want to ensure that once you have finished work then you have enough income  and capital to enjoy your retirement.

 

You will need a regular income to maintain your existing lifestyle for things like dinining out, clothes , running the car and the monthly bills.

You also want to ensure that you have enough capital available for things like holidays and treating the family and also those one off expensive items like changing the car or having an emergency fund for home repairs.

 

We will help you start planning for retirement whilst you are still working !

We will plan a time line from now until your expected retirement date. It is important that we use all of your yearly tax allowances.

We will help you calculate how much income and capital you will need in retirement.

We will take account of any existing arrangements in place such as personal pensions.

We will check if you have future anticipated funds such as maturing plans, savings and the state pension.

We will take account things like your tax status now, and at retirement, and any debts you will need to repay eg mortgage or credit cards.

 

Once we have reached a stage of what you will need at retirement against what you can expect, we can can then plan to make up any shortfall in income or capital, if required. Ongoing reviews will then keep you on track.

 

If wish to take advantage of our Retirement Planning service contact us on 01704 834700