How much money will I need for my retirement plan?

Your retirement plans are as individual as you are. The amount you will need effectively depends on your chosen lifestyle, your age now and at retirement and your life expectancy. As we are all living longer and healthier lives, you’ll want to ensure you have sufficient wealth to fund a comfortable and enjoyable retirement. Our experienced retirement planners can review your current savings and investments, model your likely expenditure and let you know if you are on track to achieve the retirement that you desire.

Should I prioritise saving into a pension or an ISA?

In an ideal world, you’d want to maximise the tax advantages of both. But assuming you have a few other things to spend your money on, investing in pensions should in most instances be your priority. Pension contributions will not only help you save money for your retirement, but they can also lower your income tax.

Should I consolidate my pensions?

Many people have several different pensions, especially if they have changed jobs several times during their careers. There can be definite advantages to bringing all your pensions together in one place, such as ease of management and fewer charges. However, that’s not always the case, as some pension transfers can incur penalties and there may be a risk of undermining guarantees. If you have multiple pensions, we can offer advice on how best to manage them to ensure that you get the maximum benefit in the context of your wider financial situation.

What is the best way to benefit from my pension?

Annuities, flexible income drawdown, defined contribution schemes; pensions are so complex it’s no wonder so many of us struggle to make sense of the schemes and strategies available. And no one solution is right for everyone. For our retirement planners though, understanding the ever-changing complexities around pensions is a foundational aspect to providing proper and informed retirement planning advice to our clients. We’ll use our knowledge and experience to guide you through such challenges and help you select the best option for you and your family.

Why should I choose Investec Wealth & Investment (UK)?

Professional retirement financial planning bridges the gap between just getting ‘an answer’ and getting the answer which is right for you. We are one of the UK’s leading wealth management companies, with a long and proud tradition of looking after our customers carefully. We don’t take a cookie-cutter approach; every plan we develop is uniquely personalised to your unique personal circumstances. That’s why our clients have been placing their trust in us to manage their financial affairs for over 180 years and continue to do so today.

Do I have to pay for an initial consultation?

No. We are very much a people business as well as finance and investment experts. Getting to know you and building up a rapport is vitally important to giving you the best possible service. That’s why our retirement planners offer an initial complimentary consultation, so that we can get to know you, talk through your feelings about retirement and give you a good idea of where we can help. Book your consultation

How can I find an office near me?

Our network of 14 local offices covers the whole of the UK, so you’ll never be too far from your local Investec Wealth & Investment (UK) retirement planning team. You can find full details of our locations and individual experts by clicking on the link below. Find your nearest office

Retirement Planning | Know Where Life Can Take You

Building your personal retirement plan

Through our retirement financial planning services, we can help you position your finances so that you are confident of maintaining a good standard of living and have the income to realise your life goals, whatever they may be.

Research shows in 15 years, your current lifestyle and expenses will cost you 80% more*. We’ll guide you through challenges like this, covering everything from lifestyle and pension reviews, through to cashflow analysis that will forecast your future income and expenditure. Our retirement planning service will give you a flexible blueprint for your future.

Our areas of expertise

Pensions

The rules around pensions are constantly changing. Getting regular, expert advice from our specialist retirement planners will help you decide on the best plan for your personal circumstances.

Income drawdown

Income drawdown offers you a flexible solution that allows you to take the income you need while still keeping your capital invested with the potential for future growth.

Self-Invested Personal Pensions (SIPPs)

A SIPP offers you the personalisation and flexibility you might need in your retirement planning. It has the tax advantages of a standard pension plan while offering a far wider scope of investment.

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Let us answer your initial questions

Frequently asked questions

How much money will I need for my retirement plan?

Your retirement plans are as individual as you are. The amount you will need effectively depends on your chosen lifestyle, your age now and at retirement and your life expectancy. As we are all living longer and healthier lives, you’ll want to ensure you have sufficient wealth to fund a comfortable and enjoyable retirement.

Our experienced retirement planners can review your current savings and investments, model your likely expenditure and let you know if you are on track to achieve the retirement that you desire.
Should I prioritise saving into a pension or an ISA?

In an ideal world, you’d want to maximise the tax advantages of both. But assuming you have a few other things to spend your money on, investing in pensions should in most instances be your priority. Pension contributions will not only help you save money for your retirement, but they can also lower your income tax.
Should I consolidate my pensions?

Many people have several different pensions, especially if they have changed jobs several times during their careers. There can be definite advantages to bringing all your pensions together in one place, such as ease of management and fewer charges. However, that’s not always the case, as some pension transfers can incur penalties and there may be a risk of undermining guarantees.

If you have multiple pensions, we can offer advice on how best to manage them to ensure that you get the maximum benefit in the context of your wider financial situation.
What is the best way to benefit from my pension?

Annuities, flexible income drawdown, defined contribution schemes; pensions are so complex it’s no wonder so many of us struggle to make sense of the schemes and strategies available. And no one solution is right for everyone.

For our retirement planners though, understanding the ever-changing complexities around pensions is a foundational aspect to providing proper and informed retirement planning advice to our clients. We’ll use our knowledge and experience to guide you through such challenges and help you select the best option for you and your family.
Why should I choose Investec Wealth & Investment (UK)?

Professional retirement financial planning bridges the gap between just getting ‘an answer’ and getting the answer which is right for you. We are one of the UK’s leading wealth management companies, with a long and proud tradition of looking after our customers carefully. We don’t take a cookie-cutter approach; every plan we develop is uniquely personalised to your unique personal circumstances. That’s why our clients have been placing their trust in us to manage their financial affairs for over 180 years and continue to do so today.
Do I have to pay for an initial consultation?

No. We are very much a people business as well as finance and investment experts. Getting to know you and building up a rapport is vitally important to giving you the best possible service. That’s why our retirement planners offer an initial complimentary consultation, so that we can get to know you, talk through your feelings about retirement and give you a good idea of where we can help.

Book your consultation
How can I find an office near me?

Our network of 14 local offices covers the whole of the UK, so you’ll never be too far from your local Investec Wealth & Investment (UK) retirement planning team. You can find full details of our locations and individual experts by clicking on the link below.

Find your nearest office

A guide to retirement planning front cover

Retirement Planning guide

We have put together a complete guide to help you understand what you have and what you will need in retirement. Our extensive guide is designed to ensure that you make an informed decision and feel reassured that your goals are within reach.

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Tax Planning

Learn more about how we can structure your finances, making use of reliefs and allowances to minimise your tax liability and grow your wealth.

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Bespoke Investment Management

Whether you want to fund a life goal or simply achieve financial peace of mind, our investment experts can help. Discover how we help grow your capital, generate an income or preserve your wealth.

See how Retirement Planning could benefit you

Our expert financial advisers can help you plan your ideal retirement. Please get in touch to discuss for an initial complimentary consultation today.

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