Planning for Retirement

Retiring Soon

Retiring Soon

If you are thinking of retiring in the next six months or so, you should contact us to receive independent financial advice and ensure you make the best choice for your retirement income.

As Independent Financial Advisers we are experts in pre / at retirement planning, offering straightforward unbiased advice. The options available are much greater and you do not have to simply accept whatever you pension provider offers. Most pension plans now include an 'open market option' which means you are able to take advantage of the best annuity rate or pension.

If you seek our advice we will:

• hold face to face meetings
• confirm your retirement goals and review all other forms of income to avoid unnecessary tax
• help you achieve a potentially higher income in retirement by searching the market and comparing the deals available from the leading providers
• assess your circumstances in detail to ensure you choose the correct options
• investigate whether you qualify for even more income due to your health or lifestyle
• explain everything in plain English and produce a full report explaining our recommendations
• provide a quick & efficient service, taking care of all the paperwork

Use our experience and expertise to help you maximise the income (& capital) from your pension arrangements (and other assets), taking into consideration personal circumstances, tax efficiency, inheritance tax, beneficiary arrangements, flexibility, and of course control. We can provide detailed advice following a thorough financial review.

Options at retirement

Contact us today to arrange a free consultation with an experienced adviser.

Contact Us

Planning for Retirement

It's never too early to start saving for your retirement. Putting away even a small sum regularly, can make a big difference to the lifestyle you will enjoy when you retire. Remember that the good news is the earlier you start saving, the longer your money will have the potential to grow!

Many people today are living much longer, healthier lives, so retirement can last 30 years or more. That's why it's important for people of all ages to consider planning ahead. Although the basic State Pension is a start, it may not be enough to give you the standard of living you'll be used to. If you still want to be able to afford holidays and enjoy the free time retirement brings, then you'll need to make additional pension arrangements, either by setting up a personal pension, or by joining a company scheme.

Good pension planning means ensuring you have the 'pension pot' you need at retirement. Nowadays there are a number of tax efficient ways of providing for a comfortable retirement. The area is complex and choosing the right pension vehicle requires a detailed understanding of your personal circumstances, tax position, employment status and more.

In order to assess your position and advise you correctly, an experienced advisor will need to understand your previous history and any existing pension contracts you may have. We will conduct an audit of your present arrangements; assess the level of pension that your present arrangements might expect to provide at retirement and then, if there is a gap between what you want and what you might get, advise you as to how best to invest to provide the extra retirement income you need.

One of the great attractions of pension schemes as a method of saving for retirement is that there is tax relief on contributions up to government set contribution limits. This means that to invest £100 into your pension it will only cost you £80 after tax (2010/11 tax year) or less if you're a higher rate tax payer. There is no other investment you can make which will give you up to 50% tax relief (depending on the highest rate of tax you pay).

Pension legislation has changed over recent years and may be subject to further change in the future. We can provide detailed advice following a thorough financial review, enabling you to plan ahead for your future retirement with confidence.

Planning for retirement

For expert help and advice contact us to arrange a free consultation with an experienced adviser.

Contact Us

MI Financial Services is a trading style of MI Financial Planning Ltd.
Registered in England No. 7096855. Registered Office as above.

MI Financial Planning Ltd is an appointed representative of The Whitechurch Network Ltd, which is authorised and regulated by the Financial Services Authority.

This website is approved by The Whitechurch Network Ltd (FSA Registration No: 190859). All contents of this website are deemed to be correct as at the last site update. We have made great efforts to ensure the accuracy of the information provided and do not accept any responsibility for errors or omissions.

The Financial Services Authority does not regulate taxation advice, trust advice, National Savings, some forms of offshore investments, some forms of buy to let mortgages, commercial loans, loans and overseas mortgages. The guidance contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.