Planning for retirement
We all have different needs and aspirations in our retirement. You might decide you want to work part-time; you will want to maintain your lifestyle (such as maintaining your hobbies), whatever you want to do, it will cost money.
At retirement.
We will guide you through the maze of phased retirement, “open market option (OMO)” annuities, unsecured pensions (drawdown) and alternatively secured pensions (from 75).
Annuities provide income whether level or increasing or investment related.
If you are a smoker or have illnesses including cholesterol, high blood pressure, or even skin cancers such as Basel Cell Carcinoma or are under medication then for a low level enhancement you might receive 10% over a typical OMO annuity.
If you still need income after your annuity is in payment you could consider taking equity release advice (see page).
Pensioner's inflation is often far higher than the Consumer Price Index targeted by the Bank of England and this will have to be borne in mind throughout the planning process. Have you thought, you may actually be in retirement longer than you have worked to save for it!!! Life expectancy is rising all the time, some of us now live beyond 100.
The benefit of using our service is that you will know the cost of meeting your objectives and just as importantly, what external influences may impact upon your plans and how you can protect yourself against them so that you will be more likely to achieve your objectives and on time. This means you will be able to retire on your target income at the time you planned to and you will not have to give things up because you can no longer afford that lifestyle.