Planning your financial future, and how to get there
5 min read
Preparing for an enjoyable and financially secure retirement involves so much more than just your pension, important though that is. As we all live longer and enjoy unprecedented freedom to decide our own retirement options, it has never been more important to have clarity over what you want to do and how much money you’ll need to achieve that.
Everybody has their own version of the ideal retirement, from gardening and spending time with the grandchildren to travelling the world, starting a new business, or becoming a non-executive director (NED) or charity trustee.
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.
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The rules around pensions are continuously changing. Getting regular, expert advice will enable you to build up your pension pot in the most efficient way and invest it effectively to achieve the right outcome for you. Our specialist retirement planners will help you decide on the best plan for your personal circumstances, both now and in the future.
With so many options available, choosing the right way to access your retirement income can seem bewildering. Income drawdown plays a key role in our retirement planning advice, offering 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.
If you are looking for as much personalisation and flexibility as possible in your retirement planning, then a SIPP could be the ideal choice for you. It has the tax advantages of a standard pension plan but offers far more scope in terms of the types of investment that can be held within it.
Understanding your current situation
We will use our time, expertise and experience to help you consider what you want your retirement plan to look like. This will enable you to form a clear idea of your personal goals, with full transparency about the costs involved from the start.
Determining how close you are to reaching your goals
Once we have a clear understanding of your circumstances, desires and needs, we will assess how close you are to achieving them based on your current plans, taking account of your current financial situation and your projected incomings and outgoings.
Making a prioritised plan
When we’ve got a clear idea of what income you’ll need at retirement, our retirement planners will talk you through the options for reaching that target and the challenges involved in getting there. We’ll put together our recommendations in a written report, and this will form the ongoing basis of your retirement plan.
Once your plan is in motion, we’ll continually review it with you, making any necessary adjustments as per changes in the economic climate, your personal circumstances and goals, or changes to legislation and pension rules. We treat retirement financial planning very much as an an ongoing process (although ongoing advice is optional and subject to fees), ensuring your retirement plan continues to meet your individual needs over time.
From the beginning, Michelle was very empathetic, professional and thorough in providing me with a full and realistic pension plan, taking the time to talk me through an early retirement strategy plan.
5 min read
Investec Wealth & Investment (UK) is a trading name of Investec Wealth & Investment Limited which is a subsidiary of Rathbones Group Plc. Investec Wealth & Investment Limited is authorised and regulated by the Financial Conduct Authority and is registered in England. Registered No. 2122340. Registered Office: 30 Gresham Street. London. EC2V 7QN.