The ultimate pension guide: All you need to know about retirement planning
In the past, retirement was easy. You’d probably have left your ‘job for life’ when you hit retirement age and lived on your guaranteed Final Salary and State Pension for the rest of your days.
These days, things aren’t so simple.
For a start, you’ve probably had a series of jobs by the time you even start to think about planning your retirement. Studies have shown that the average UK worker has six jobs in their lifetime, so that immediately means you probably have multiple pensions with multiple employers or providers.
Secondly, the rise in the number of self-employed workers means that more and more people are now having to make their own pension provision. If you own your own business, or you’re a partner or director, you’ll bear the responsibility for your retirement planning.
Thirdly, the days of a ‘cliff edge’ retirement are long gone. Many people in their 50s and 60s now choose to phase their retirement – perhaps working part-time or on a consultancy basis – as they don’t want to give up their career or their business for good.
And, the way retirees draw their income has also changed. With the advent of Pension Freedoms in 2015, your retirement income is likely to come from multiple sources – from earnings and drawdown, to savings and the State Pension.
So, what does this mean for you?
If you want to ensure that you have enough to live the lifestyle you want when you retire – and to maintain that lifestyle for potentially 20 or 30 years or more – you need to start planning now.
By planning, we mean actually planning. We don’t just mean ‘invest some money in your pension’. We mean sit down and think about what you want from your retirement, and how you’re going to achieve it.
To help you, here are ten questions you must ask yourself right now. Download the guide by clicking the ‘Download here’ button.
Why Royale Thames Wealth?
As independent financial advisers, we can provide you with the holistic retirement planning advice you need.
We specialise in providing a first-class service so you can build, preserve, and enjoy your wealth. Most importantly, our relationship is with you and not your money. We help you to be financially independent and secure, and to ensure that you are prepared for any eventuality life brings.
Plan for your financial future by contacting us today.
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