Rather than just ask our clients the questions “How much would you need to retire on and at what age”, we prefer to ask our clients how they see their own retirement. We take the time to understand your vision for retirement, enabling us to create a personalised plan that aligns with your unique aspirations.
From building up your pension funds during your working life to accessing them in retirement, our team is well-versed in navigating the evolving pension legislation, which has seen radical changes over the years, to provide you guidance throughout and ensure maximum tax-efficiency.
During the pre-retirement phase, utilising available tax reliefs and allowances can significantly . We navigate the complexities of pension legislation to ensure you make the most of tax incentives, such as claiming income tax relief on your pension contributions. By diligently incorporating tax-efficient strategies, we aim to enhance your retirement savings and bolster your financial foundation for the years ahead.
Retirement today offers unprecedented flexibility, especially after the pension freedom reforms introduced in 2015. With more options at your disposal, you may be considering a phased retirement, transitioning into retirement gradually, rather than facing a sudden cliff-edge departure from the workforce. This changing landscape underscores the importance of robust planning to design the retirement that works best for you.
Post-retirement, income streams can take various forms, extending beyond traditional pension schemes. Your retirement income may involve rental payments, dividends from shares, Unit Trusts or ISAs, deposits, income from Insurance Bonds, or even Trusts. Our expertise lies in blending these income sources strategically to minimise tax implications and maximise returns.
While some may choose to navigate the retirement landscape alone, we firmly believe that seeking professional advice is a wise decision. We strive to build trust with our clients, guiding them through sound financial decisions and ensure they have the best chance of achieving the retirement they want.