How To Get Retirement Planning Advice
Whether you’re planning for the future, approaching retirement, or already drawing a pension, financial advice could help you get more from your money.
We can help if you are looking to get retirement planning advice.
What stage of retirement are you at?
I’m planning for retirement
Explore the options that suit your current situation and get help in putting aside as much as you can reasonably afford.
I’m approaching retirement
Skipton’s retirement planning advisers could review your pensions and investments to see if your current plans are on track.
I’m already retired
Even if you’re not working, your retirement pot should still work for you. Good advice on when to access your pension, draw an income, and how protect and build on your lump sum can be useful.
How much do you need to retire?
Planning and putting some more money aside if you can afford to could help you put stronger plans in place for retirement.
A study by Which?* (below) shows how much income a couple might need to achieve different levels of comfort when they retire:
Basic retirement
Utilities, housing costs, transport £17,200 a year
Comfortable retirement
Leisure activities & European travel £25,000 a year
Luxurious retirement
Long-haul travel & new car every 5 years £40,000 a year
*Source: www.which.co.uk/money/pensions-and-retirement/starting-to-plan-your-retirement/how-much-will-you-need-to-retire-atu0z9k0lw3p
Financial advice
Some people who come to the Fair Investment site for information on retirement planning would like detailed, personal advice on what kind of pension plan to go for.
Important information…
Your capital is at risk for pensions and flexible retirement solutions, and you may get back less than you originally invested. Your income will depend on your retirement fund size, future interest rates, and tax legislation. If you take too much income too quickly, your fund could be depleted or run out altogether.
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