Are you approaching retirement or considering accessing some of your pension funds? Some of the key factors to consider are:
- How much pension income you require when you retire
- The effect inflation will have on your pension
- How much flexibility you need
- If you have a spouse or dependants that you wish to provide for
When thinking of financial planning for retirement, before drawing your pension benefits from an existing pension scheme, or making any other major changes, it pays to seek independent financial advice.
You may be thinking of options such as consolidating your existing pensions, flexi-access drawdown or even how to fulfil your wish to retire early.
There are many things to consider when approaching retirement or when considering the effects on your overall financial plan of accessing your pension fund earlier than anticipated.
Financial planning for retirement made clear
Pilling Financial can help you to look at all of your options in relation to your circumstances and wishes. We will advise you on your retirement options, in a clear way, based on our 25+ years experience, so that you understand what all of your options are and the benefits and consequences of each of them.
To read more about your retirement options, you can read this fuller article here or simply contact us to set up an initial meeting. To find out how we can assist with your financial planning for retirement use our contact form here.
Please note: A pension is a long term investment. The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Pension income could also be affected by interest rates at the time benefits are taken.
Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means tested benefits. Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.