Retirement Planning

Retirement income is one of the most important parts of financial planning. It will determine how you live your life once you have stopped working and getting it right will help you get the best out of your retirement years. However, it can also appear complex and daunting, which can put people off. Taking time to consider your options and make well-informed choices is one of the best investments you can make. To get you started on this journey, we have developed three guides, each of which focuses on a key stage:

1. Planning your retirement income

If you are approaching retirement and starting to think about getting everything in place, then this first guide can help. We look at some important steps; from thinking about the type of retirement you want to live, to the assets and investments you may have to help fund your income and what you need to know about the State Pension.

2. Investing wisely and taking benefits

Investments can appear complex and daunting, but it doesn’t need to be. In this second guide, we focus on the investments that will help you to make it all happen. Investing during retirement can be very different to investing in preparation for retirement, with specific questions and challenges.

3. Managing Tax

This final guide is all about using your pension pot to fund your retirement. While it might feel like you’ve already made all the big decisions by this point, how you decide to take income from your pension can have a big impact – especially on how much tax you pay. We will look at the main income options, how they work and what you need to keep in mind when it comes to tax.