Preparing for Retirement
We are all aware of the need to invest and accumulate a fund sufficient enough to provide for our retirement, however, with other financial commitments this need is often not considered a priority until later in life, at which time it can be too late to accumulate the size of fund needed to provide a comfortable retirement. It is therefore very important that financial planning for retirement is started sooner rather than later.
Pensions rules and regulation remain complex and difficult to understand, despite various attempts at simplification. Many clients have accumulated a number of individual pension plans, both personal and occupational, and as a result there is little or no cohesion of planning or investment strategy.
With our specialist knowledge and qualifications we can help you through this apparent maze, by undertaking:
- A review of all your existing pension arrangements
- Forecasting your projected benefits in real terms
- Identifying the cost of your retirement lifestyle and planning towards that target
- Pension transfer advice
- Pension and divorce advice
- The use of more sophisticated pension plans such as those able to hold commercial property and make loans to a Directors trading company
Further information about Pensions & Retirement:
Pensions & RetirementNews & Case Studies
The Sandwich GenerationPosted in Fiducia News, Pensions & Retirement on 19.12.18 Read Financially squeezed between elderly parents and children
Relationship breakdownsPosted in Pensions & Retirement on 28.11.18 Read A pension could well be the biggest single asset in the relationship
Generation still taxedPosted in Fiducia News, Pensions & Retirement (+1 more), on 01.11.18 Read Numbers nearly double in the last two decades With so much choice on offer, and with frequent rule changes and distinct tax...
Cash may not be kingPosted in Pensions & Retirement on 01.11.18 Read Pension savers risk a significant tax bill For most people over the age of 55, it is now possible to cash in or unlock all of...
Seize The Day – TodayPosted in Fiducia News, Pension Contributions (+1 more), on 01.11.18 Read Make your vision a reality Exactly how much you’ll need for a comfortable retirement will depend largely on your cost of...
Later RetirementPosted in Fiducia News, Pension Contributions (+1 more), on 25.09.18 Read Workers extend their careers for a multitude of reasons When do you plan to retire? Saving for your retirement is a lifelong...
When can I afford to retire?Posted in Fiducia News, Pensions & Retirement on 30.08.18 Read Will I have enough money in retirement? How much do I need to retire? State Pension will cover my expenses. Won’t it?
It is never too soon to think about retirement. Even if you have only just started your first full-time job, the longer you give yourself to plan and invest for retirement, the more likely it is you will accumulate the funds you need to give you the retirement lifestyle you desire.
There are, of course, plenty of other demands made on your finances throughout your working life, and it is easy for the dim and distant future to fall down your list of priorities. Whatever your age, and however long you plan to continue working, we can help you make an investment plan that fits within your present budget and steers you towards financial security in later life.
Investment is the key word. With the old certainties surrounding pensions long gone, and what remains of pensions infrastructure inextricably complex, it makes sense to take a wider view of investment, asset management and wealth accumulation as you plan for retirement.
That is where Fiducia Wealth comes into its own. As well as helping you navigate the choppy seas of workplace and private pensions, our award-winning expertise in financial planning, investment management and growth strategies will help you put your money where it will give you the best possible returns.
We also understand that as careers progress and people move from job to job, it has become very easy to accumulate multiple pension plans over time. These can be both personal and occupational, but what we tend to find is that they have been acquired almost by accident, with little or no strategic thought about getting the most out of them as an investment portfolio.
Again, this is something our qualified specialists are perfectly placed to resolve.
Amongst the services we offer, we will:
- Review any and all existing pensions arrangements, with a view to consolidating them with a cohesive strategy;
- Calculate a forecast of expected returns on current pensions and investments, so you get a clear picture of any discrepancy between this and your financial objectives;
- Put figures on the cost of your proposed retirement lifestyle and use that as a target in all planning;
- Offer matter-of-fact advice on pension transfers and pensions and divorce;
- If you run a business or are on the board of a company, discuss more sophisticated pension plans such as those able to hold commercial property and make loans to a director’s trading company.