You may ask yourself the following:
- What can I do with my different pensions schemes?
- When can I retire and what income will I need?
- How can I protect my family in the event that I am no longer able to look after them?
- What would the impact of residential care fees be on my finances?
What areas we review together:
- Private, company and State Pension provisions
- Drawdown and annuity comparisons
- Review trusts in conjunction with your retirement plans
- Your health and other age required provisions
A pension is a long-term investment not normally accessible until age 55 (57 from April 2028 unless the plan has a protected pension age). The value of your investments (and any income from them) can down as well as up which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits. The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation which are subject to change. You should seek advice to understand your options at retirement.
We’re ready to talk. Are you?
At Paul Young Independent Financial Advisors we are here to help you answer these questions and create a retirement plan that works for you. Contact us today to find out more.
In the meantime please refer to our guides on this subject in the 'Our Thinking' section.
How can we help you?
Whether you are looking to start your personal financial plan, or want to make the most of the opportunities your wealth brings – Paul Young Independent Financial Advisors will support you at every stage of the journey.
Our Thinking
The Paul Young Independent Financial Advisors 'Our Thinking' page has been designed to provide our clients with access to our personal finance magazines and financial guides which are packed full of informative and relevant financial news.