HAVING read our previous POST What Is Retirement Planning And Why Should You Choose Worldwide Financial Planning? you may already have made contact with one of our independent financial advisers in Cornwall, Southampton, Somerset or Northern Ireland to discuss pension planning, so thank you for choosing Worldwide Financial Planning.
The independent financial adviser appointed to you will be your point of contact moving forwards.
Changes to pension legislation over recent years means you do have more choice when it comes to retirement planning, and, what this also means is that, with a wider range of options, there are more things to think about which makes it even more crucial to get advice which best suits you before you retire, at your retirement age and during your retirement years.
Pension
As life expectancy increases, with current life expectancy in the UK being 81-years-old, a retirement plan which could last a third of your lifetime raises a number of important questions. You may ask:
- How can I be sure I have sufficient income for my retirement?
- What are my options at retirement and which is best for me?
- What is the most tax-efficient way to distribute my pension fund after my death?
The pension landscape is a complex one and legislation is forever changing. Our team is fully informed of all pension legislation changes as they happen. And what is important for you as a customer to remember is that we all are unique in terms of our personal situations, and indeed our attitude to risk, so our solution will be specifically tailored to meet your needs.
What your adviser will do is begin the next stage by assessing your current financial situation along with your attitude to risk. In reviewing your situation there will be a discussion on how much you are able to, and prepared to put into your pension pot. Having assessed your attitude to risk your adviser will then provide you with a number of different options which is backed up by our research partners. This is very technical, so there’s no need to go into this now with you, but you will then choose a suitable product and funds to invest into, these will be subject to ongoing reviews by your adviser to ensure they continue to be suitable to your circumstances. We do not leave it there, you have our ongoing assurances that we will manage this on your behalf and ensure you are embarking on your retirement planning journey in the most tax efficient way.
If you would like to arrange a meeting with one of our independent financial advisers you can email info@wwfp.net . We will respond to you within 24 hours to schedule a consultation.
If you’d like to find out more in terms of what your pension options are, have a read here Let’s Talk About Pensions – What Are The Different Pension Options Available To You