Retirement Planning

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We believe that the Retirement Planning process is a journey and not just a one-off event, that’s why we’re here for you every step of the way.

Could you survive on £175.20 per week in retirement? According to the Financial Conduct Authority 44% of retired people rely on the state pension as their main source of income (FCA, 2018).

Retirement Planning

In the lead up to retirement, it has never been more important to ensure you have the right retirement plans in place for a number of different reasons. Important questions which you may have considered which we can help answer are:

  • How much do I need to save for retirement and at what age could I realistically retire?
  • What are the benefits of saving into a personal or workplace pension?
  • Can I transfer/consolidate previous pension(s), and how do I do that?
  • Which other forms of savings could I consider as part of my retirement plans?

Preparing for retirement

With people now generally living longer, it is important to ensure that you have sufficient savings in place to provide you with a sustainable income throughout retirement. At Libertas Financial Management, we don’t like to leave this to chance and is why we adopt a lifetime cash flow plan which will help to answer questions such as:

  • How much income could I realistically expect to receive from my savings?
  • Will I have enough money to retire on my chosen retirement date?
  • What can I do if my current plans are not meeting my objectives in retirement?

At Retirement

Following the radical changes to the pension landscape by the Government in 2015, individuals approaching retirement now have far greater freedom over how they take retirement. However, with this freedom comes more decisions. That is why it has never been more important to ensure you make the right decisions with how you enter into retirement.

Through our discussions with you, our advisers will be able to demonstrate what your retirement options are in a way that is clear and easy for you to understand. Important questions which you may have considered which we can help answer are:

  • Now that I am ready to retire, what are my options with my pension(s)?
  • Do I have to pay tax if I am withdrawing money from my pension or other investments helping to fund my retirement?
  • I have other investments as well as pensions, can I use these as part of my retirement plans?
  • When will I receive my state pension, and how much will I receive?

You may have Final Salary pension benefits to consider, and we will spend time assessing the best options for you.

Past performance is not a reliable indicator of future results. The value of your investment may fall as well as rise, you may not get back what you put in.

A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.

At Retirement

Following the radical changes to the pension landscape by the Government in 2015, individuals approaching retirement now have far greater freedom over how they take retirement. However, with this freedom comes more decisions. That is why it has never been more important to ensure you make the right decisions with how you enter into retirement.

Through our discussions with you, our advisers will be able to demonstrate what your retirement options are in a way that is clear and easy for you to understand. Important questions which you may have considered which we can help answer are:

  • Now that I am ready to retire, what are my options with my pension(s)?
  • Do I have to pay tax if I am withdrawing money from my pension or other investments helping to fund my retirement?
  • I have other investments as well as pensions, can I use these as part of my retirement plans?
  • When will I receive my state pension, and how much will I receive?

You may have Final Salary pension benefits to consider, and we will spend time assessing the best options for you.

Past performance is not a reliable indicator of future results. The value of your investment may fall as well as rise, you may not get back what you put in.

A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.