27th September 2021
Our Guide to Your Options at Retirement
The changes in the retirement landscape mean some people are adjusting their expectations for retirement. With life expectancy still on the increase, the need to save and plan for retirement is becoming ever more critical. The concept of ‘retirement’, as viewed through the opinions of those currently saving towards it, may have a broad range of meanings. But the reality is that traditional ‘retirement’ is changing, with few now seeing it as a singular event. The future of retirement is likely instead to see a fundamental change in people’s lifestyles, with a growing aspiration to combine work and leisure to help manage the costs of a longer life expectancy. It’s also important to remember that any investment comes with risk. All investments can go down as well as up, and you may get back less than you invest.
A pension is a long-term investment not normally accessible until age 55 (57 from April 2028). The value of your investments (and any income from them) can go down as well as up which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits. The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation which are subject to change in the future. You should seek advice to understand your options at retirement
WILL YOUR PENSION POT LAST FOR THE REST OF YOUR LIFE?
If you’re like most people, the money in your pension pot will need to last for the rest of your life. And once you’ve made a decision, you might not be able to change your mind. So it’s important to get all the information you need to feel confident that you’re making the right decision for you.
To find out more or arrange an appointment, please contact us – we look forward to hearing from you.
To download the guide, please click here