Retirement planning
“A great retirement plan is a blueprint for the rest of your life. You deserve to be able to see it, to adjust it, to make it better and have confidence in it.
Why do you need a retirement plan?
Having a pension plan does not equate to having a retirement plan. A retirement plan is designed to help answer life’s burning questions. We will explain the details surrounding your pensions, investments, tax planning strategy and much more but ultimately, it all focuses on the big picture.
Not running out
Whilst your lifestyle will certainly change over the course of the next 20 or 30 years, it is important to factor in all of the information to ensure you enjoy year 30 as much as year 1.
Living your best life
A well thought through plan will help you enjoy your wealth to its maximum. Your money is there to serve your lifestyle and we will show you how to finance your best life.
Tax optimisation
We will show you the most tax and cost efficient route to enjoying and passing on your wealth. Tax and charges will represent the greatest impact on your retirement funds… if you let it.
Protecting loved ones
We can’t predict the future. We will help you structure your wealth so that your loved ones are secure in the event of tragedy. Ensuring your survivors are protected will depend on your plan.
Generating income
Ultimately, the key driver is to turn your wealth into sufficient income in your pocket each month to live your best life. Your accumulated wealth needs to top up your other income.
Stress testing
All of our planning is done in a way that enables to you visualise the various outcomes that may be ahead. If it’s on your mind, we will show you. Seeing the future allows you to plan for it.
How it works, step by step…
Understanding the ‘nuts and bolts’ of personal finance is just one part of a much bigger picture. To build a great retirement plan, we need to focus on the bigger picture. We will work with you throughout a six step process to truly bring your retirement to life and give you confidence in your next big step.
1. Setting goals
The first stage of any plan is to understand the lifestyle you wish to live in retirement. We need to be able to quantify what financial resources your retirement is going to need.
2. See how it looks
We will ‘plug in’ your current and future income, assets (pensions, investments, savings etc) and see whether you are currently on course to meet those goals and tweak these if necessary.
3. Make it better
We will go to work on making your plan more tax efficient, reviewing your options with regards to your assets, review your investment strategy and develop ways to optimise your money.
4. Discuss & agree
We will explain the steps needed and show you the impact of these, following our technical input and research, to best meet your goals and give you as much ‘breathing room’ as possible.
5. Build it
If you wish for us to put the necessary building blocks in place (e.g replace a pension) we will recommend the right solution for you - independently and from the whole of the market.
6. Keep it on course
We will work with you to keep your plans on course, and the steps required to get there. We will also professionally manage your wealth to ensure it does what it is required.
Looks too simple?
Only because we make it so. There is a lot of technical expertise, knowledge and experience underneath the bonnet that we inject into your plan but that’s what we get paid for.
Pension expertise
The rules surrounding pensions are a complex area but we hold advanced qualifications to be able to give you the right advice.
Investments
Andrew holds a Masters degree (MSc) in Financial Economics and is a Chartered Financial Planner. Our investment philosophy follows the evidence.
Tax planning
Over time, tax planning will have the single biggest effect on your plan. We’ll show you how minimise your tax and keep more of your wealth.
Legacy & IHT planning
It’s common for people to start at the end and plan for the legacy they wish to leave behind. We will help you plan a legacy for your loved ones.
Long term care
A comfortable and dignified end to life could be the most expensive thing you ever buy and takes careful planning so should be factored into your plans.
Protection
We will put you on the right track for retirement but it is important that your lifestyle and loved ones are protected in case something goes wrong.
Bigger picture advice…
We don’t just advise you. We will build a visual plan and enable you to take control of your future. This way, your plan can be easily adjusted and allows us to build in different scenarios so you can have confidence that you are on the right track. The real beauty of planning in this way is the ability to ‘stress test’ your plan. We can build any scenario you wish.
