Retirement Planning & Advice
The first step in planning for your retirement is to understand what you will have if you do not change anything you are currently doing to fund for retirement. We provide all of our clients with a cash flow projection to give them this clarity.
The next step is to explore your options to improve on what you currently have. There are numerous tax advantageous ways that you can provide for a financially secure retirement and we can direct you to what is most suitable for you. Depending on your circumstances there are numerous different retirement funding vehicles available including:
- Personal Pensions
- Executive Pension plans
- Additional Voluntary Contributions (AVC’s)
- Purchasing Notional Service (Public Sector Employees)
Pension saving is a very tax efficient way to provide for your retirement years. If you have surplus income, starting to save for your retirement is a prudent thing to do. We can also review any current plans you have to make estimates of how beneficial they will be upon retiring, ensure the charges are competitive and to ensure the level of risk you are taking is suitable.
For those who are about to retire we can advise you on budgeting in retirement, the suitability of retirement products AMRF/ARF/Annuities etc and again to ensure the charges you are paying are competitive.