Pensions & Retirement Planning

The average life expectancy in the UK is rising and we all want the opportunity to enjoy our ‘golden years’ rather than working into our 70s. Planning where your regular income is going to come from in retirement will give you peace of mind and leave you prepared to retire from working life.

The pensions landscape has changed significantly and while the state pension provides many with the security of having a small guaranteed income, in today’s and tomorrow’s world it’s not really enough on its own for anyone to live on. Everyone has different incomes, lifestyles, and retirement plans and likewise there are a number of different routes, financial products and ways to draw income at retirement.

What are you going to do, when you’ve got all that free time on your hands? Whether it’s travelling the world or spending more time with your family – you will most likely need a regular income to fund your retirement.

Many people choose some form of personal pension to save for retirement, while others choose to join workplace pensions. There are many other ways you can save for retirement including investing in ISAs and property; whichever way you do choose to save it’s important to have a plan. This is where Welby & Associates can help, by building a suitable plan to grow your retirement fund in a way that’s affordable for you and ensures it’s eligible for the tax reliefs available.