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RETIREMENT PLANNING

The landscape is ever-changing

It’s a fact that we are all living longer these days, but that means that we should start to prepare for retirement as early as possible.  The retirement landscape is in a constant state of change, so it’s crucial for you to understand current and future changes and what they mean for you. That’s where we come in.

How much will I need?

It’s a statement of the obvious, but to achieve your goals you need to have financial plans in place that will provide an income you need.  We can help you figure out the right amount for you and put plans in place to provide it.  Yet there are other things to consider, not just your income.  Two of the most common are providing for any future care needs and how much wealth you wish to pass on to your family. We help you consider all your priorities and make decisions that are right for you.

Growing your retirement fund

There are many ways to do this.  Pensions, be they final salary schemes, self-invested personal pensions or stakeholder plans can be combined with other savings schemes and assets, such as property and investment portfolios, to provide the basis for funding life after work. We will work hand-in-hand with you to understand what is most appropriate for you and your ambitions.

Maximising your pension allowances

Pensions can provide a highly tax-efficient way of providing for your future, particularly if you use the allowances offered by the Government. But as with all financial planning, regulations change all the time, so understanding tax rates and the advantages of saving in a pension has arguably never been more important. We’ll work with you to make the most of any available tax incentives and allowances.

Cashflow Planning 

Cashflow planning or modelling is an important part of our financial planning for clients. It helps us to forecast your current and future financial situation. When creating a financial plan, we will firstly establish your lifetime goals. We will then assess your current situation and determine how close you are to achieving your goals based on income, expenditure, assets and liabilities.

 

After this, the next step is to develop and implement a plan to establish what action you need to take. The plan can then be used to help make well informed financial decisions. As your situation evolves over time, the plan will be monitored, reviewed and adjusted where necessary.

Getting it right

Making the right choices when it comes to retiring is critical.  That’s where good advice really matters.  From choosing between buying an annuity that will provide a guaranteed annual income, or drawing down your funds gradually, we can help you make the most of your wealth and retire in comfort.

Find out more

If you’d like to find out more about our approach and how we can help you, then just get in touch.

ADDRESS

Beam House

Wharfebank Mills 

Ilkley Road

Otley LS21 3JP

 

 

MC 14

No 5 The Heights

Weybridge

Surrey KT13 0NY

CONTACT

01943 663143

enquiries@financialframework.co.uk

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Important Statement

Financial Framework Wealth & Estate Planning Ltd is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate will writing, taxation and trust advice. Not all Inheritance Tax Planning solutions are regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No. 843450 at https://register.fca.org.uk. Registered office: 35 Westgate, Huddersfield, HD1 1PA. Registered in England No. 11602026. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

© 2024 by Financial Framework Wealth & Estate Planning | Independent Financial Adviser | Otley, Yorkshire | Website design by fivespoons

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