Retirement planning
Retirement planning is the process of creating financial security while you’re working so that you can be comfortable when you retire. It is the planning you put in place to maintain your finances after you finish working.
Retirement planning has five basic steps:
1. Knowing when to start (hint - the sooner the better!).
2. Calculating how much money you'll need.
3. Understanding you options in how to achieve your goals.
4. Choosing the right tax efficient investments.
5. Setup and initiate the strategy.
UK Pensions
If you’ve worked in the UK at some point, the chances are you paid into some form of pension. Whether a private pension or a company pension. You may also have contributed towards a State pension. Whatever you situation, I can help you understand what you have and how it you can best make use of it.
If you have have a previously transferred a UK Pension, I offer a review service to ascertain if the current scheme is working for you or whether there may be better alternatives.
Alternatives could include a transfer to a better costed pensions scheme or making changes to the structure and investments within an existing plan.