Planning now gives you the power of choice later.
Retiring is different to all of us and we're here to help you develop your own future.
Preparing for whatever’s next
As you get older, you may want to reduce your working hours, replacing your nine to five with your hobbies and passions, access capital to repay mortgages and other debt, make the most of your health and take those holidays you’ve been thinking about or support your children and grandchildren with their key life events.
Whatever you want your retirement to look like, the key is to plan ahead. Many people approach retirement with little or no idea of how much money they will need or the best way to take an income. The sooner you put your plan in place, the more likely you are to achieve the retirement you hope for.
Over 10 million people in the UK are expected to live to the age of 100
As we continue to live longer, you will also need to consider making your retirement fund last significantly longer than your parents did and as part of this planning you will also need to take your long-term care provisions into consideration.
The key to staying tax efficient
There are a number of tax efficient options available to support you in saving for your retirement and your pension plans are not the only investments that you can use to build funds and save for your retirement. You may have other assets such as ISAs, shares, a second property and cash, or you could be the beneficiary of a trust.
Pace Ward financial Solutions provide a service to support your life goals
Seeking professional financial advice could help you to make the most of your assets, giving you an overview of your finances and in turn a better idea of how much you can expect to receive at retirement, in line with your goals and objectives.
