Retirement Income Overview
A Financial Plan to Put Your Mind at Rest
When it comes to retirement income the benefits of Lifetime Financial Planning really bear fruit. We work with you to develop a roadmap for achieving your financial security in retirement, giving you the freedom to do the things you may want to do now but don’t have the time.
Pension Tax Incentives
Business owners and self employed individuals take note:
Pension contributions enjoy generous tax relief (up to certain age-limits) which has the effect of boosting the size of any contributions you make.
Having said that, choosing the type of pension you want without expert advice can be a daunting task. We can guide you through the process to ensure you understand every angle before you make a decision, and we always act in your best interest every step of the way.
Great Oaks from Little Acorns Grow
The ideal situation when it comes to retirement income is to take full advantage of the tax benefits on offer by funding the maximum pension you can afford. Having said that, we’ve been around long enough to know that it’s not always possible to fund the maximum pension, especially when you’re young, but it should not deter you from committing at least a small portion of your income from an early age.
We assist people at all stages in their lives in designing a pension plan to specifically suit their own personal circumstances and financial aspirations in retirement.
We can also provide expert advice on the type of funds we feel you would benefit from.
Attitude to Risk
Investing your hard earned money in a retirement fund involves varying degrees of risk. All funds are graded from low risk, low return to higher risk and potentially higher return or heavier losses if the fund does not perform as expected.
At an early stage in the Lifetime Financial Planning process we assist you in gauging your own attitude to risk and give you our expert opinion on your threshold for absorbing any potential losses that could occur.
We can assure you that you will be equipped with expert impartial advice before you make any decision on where to invest your hard earned money.
We believe your pension and retirement income is an integral part of your Lifetime Financial Plan and the sooner you start the better.
Having said that, if you’re nearing retirement and you’re worried about how you’re going to cope financially, then please don’t hesitate to contact us. Often people discover that they own more assets than they think, and we can help to put your mind at rest by helping you work this out. We can also help you to maximise the assets that you do own to increase your financial security in your golden years.