The value of your investments can go down as well as up and you may get back less than you paid in. Laws and tax rules may change in the future. Your own circumstances also have an impact on tax treatment.

A tailored plan to help you make the right choices for your retirement.

Everyone’s idea of the ideal retirement is not the same; you might want to travel, spend more time with family or start a new venture. Whatever your thoughts may be, achieving the retirement you want requires careful planning.

Pre-retirement FAQs


How much will I need to retire?

There is no one answer to this question. In order to determine the answer for you, our Planners will work with you to understand the income you’re hoping for in retirement. This is a starting point.

However there are other important considerations that form part of answering the question; how to ensure your wealth will last as long as it needs to, whether you need to anticipate future care needs, or how much you might want to pass on to your family.

We can help you take all of these into account and help you make the decision that is right for you.

How can I grow my retirement fund?

There are many ways to build your retirement fund. Pensions, Individual Savings Accounts (ISA), assets, property, investments; these can all play an important role. We will work with you to find what works best for your personal circumstances in order to help you achieve your retirement goals.

What should I do with my pension when I retire?

We now have many more options at retirement than in the past. You can buy an annuity that will provide you with a guaranteed annual income, or take your retirement funds more gradually while continuing to invest.

The additional flexibility can be a good thing but it also means that you may be faced with increased responsibility when it comes to saving for retirement and accessing your money. Making the wrong decision can be costly so it’s important to seek advice before making any big decisions.

Alternatively, depending on your goals and circumstances, doing nothing may also be an option. For example, pensions are free of inheritance tax, so if enhancing the legacy you leave to loved ones is your goal, you may wish to turn to savings and other investments in the first instance.

What are pension allowances?

Pensions provide a highly tax-efficient means of providing for your future. This is thanks to tax-breaks on any contributions up to a certain point. Laws and tax rules surrounding pensions have changed a lot in recent years and could change again. Seeking professional advice means you’ll have an expert in your corner keeping track of how much you can save and when.

Our dedicated tax team can ensure that you’re taking advantage of the allowances available and benefiting from tax breaks, aiming to build your pension fund as efficiently as possible.

You can find out more information on allowances by visiting our blog.

Considering a Defined Benefit Transfer?

For many people, deciding whether to remain in a defined benefit pension (also known as a final salary pension) or transfer to a defined contribution pension is a huge and very complex financial decision.

It’s a big decision and an irreversible one, so it’s important to understand exactly what this means, and what the pros and cons for you might be. Transferring will not be right for everyone so it’s important you get the right advice before making a decision.

You could lose money by giving up any valuable guarantees or benefits from your existing defined benefit pension, and there's no guarantee of a better pension as a result by transferring.

Here are some, but not all, of the key considerations when it comes to transferring:

  • Investment risk
  • Investor protection
  • Inflation
  • Spouse and partner protection
  • Ill health
  • Early retirement
  • Tax

In order to make the right choice, we highly recommend that you seek financial advice before making a transfer. And if you’re considering a transfer with a value of over £30,000; legally you must get advice. There are costs involved if you decide to seek advice for a pension transfer.

A robust transfer process

Our planners have years of experience dealing with DB transfers. They will take the time to understand your needs and will weigh up your long-term goals against your short-term plans in order to advise on the best course of action.

Our carefully considered transfer process is designed to help you make the best decisions for your situation.

Our experts can help guide you through every step of your retirement journey.

Get in touch today to book your no obligation consultation.


Arrange your consultation