The fact is that most people retire on less income than they would like. It is vitally important to obtain the right retirement financial planning advice as early as possible.
Considerations:
- What pensions have you got
- How much will you need
- Tax
- Health and longevity
- Inflation risk
- Inheritance
- Your sources of income
- Pension pot options
There are various methods of taking income in retirement:
- Secure income, including your state pension, a pension from a defined benefit scheme or income from a lifetime annuity.
- Flexible income, from a drawdown scheme (where your pot remains invested but you can opt to draw an income from it) and savings and investment income.
For more information, please contact our Financial Services department here to arrange a mutually agreeable appointment.
