Retirement is no longer about giving up work and taking a well-earned rest – it’s about the next stage of your life and all those things you want to do – walking, sailing, golf, travel, cycling, cruises, camping, painting, gardening, running, bowling – the list goes on – and you’ll probably be fit enough to enjoy this next stage of your life for another 10-15 years, so you need to be able to fund it.
The fastest growing group of people in this country is the over 85s and half the children being born today will live to be 100, so retirement planning is now a huge consideration.
You have to stop relying on your employer to provide a monthly pay cheque with regular pay rises and start relying on your pension fund to do this for you – possibly for 20 years or more.
It’s very difficult to put enough money into a pension plan to provide a good standard of living in retirement. Some are lucky enough to be in a final salary scheme where your pension is a function of your final pay.
Most employees and all self-employed people have to make their own arrangements, and at current rates, you’ll need around £100,000 in your pension fund to give you a pension of £100 per week, so the savings process can’t start soon enough. The business of selecting the underlying investment funds is vital, and we provide considerable advice in this area..
Maximise the benefit of your pension contributions with our help by instructing us carefully to construct a bespoke portfolio of funds which will give you the best chance of having a good income when you retire.
Contact us to learn about how our pensions advice will help you.