The Government estimates that seven million people are either not saving enough, or are failing to save at all, for their retirement planning. Considering these statistics and the added element of the ever-rising state pension age, it is important to put your own plans in place for your retirement.
Whether you are at the beginning of your working life, or approaching the end of your career, we can help you plan for your retirement. Without effective planning, retirement may not meet your expectations and in turn starts to become an unrealistic dream. The earlier you start to plan the better.
Retirement is considered as one of the most significant events of your life. You have worked your entire life, and when you eventually retire you want to ensure that you can achieve the lifestyle you are accustomed to.
It is important to be aware of how much you need to save now, in order to live comfortably in retirement. By speaking to one of our independent financial advisers we can help you calculate how much you need to save, when you can retire, when you can start to draw your pension, and indeed advise you on the retirement options available to you.
Your situation may also need to consider previous workplace pension arrangements, and ‘old style’ pension contracts which inevitably come with the standard industry jargon; do not let these contracts get the better of you. By speaking to our Pension Transfer specialist, you will be educated in simple understandable terms on what your existing benefits can do for you.
Bespoke financial planning is becoming the norm for those approaching retirement. Your existing contracts could offer benefits that you didn’t know exist, as well as considering the importance of tax planning for your pension funds.
David Allen Financial Services (Dalston) Limited is an appointed representative of Network Direct Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales, the registered office and principal place of business is Dalmar House, Barras Lane Estate, Dalston, Carlisle CA5 7NY. Company Number 04030020.