As you approach retirement, you may have your home paid off and it may be the largest asset that you own. You may be able to release the equity from your property so that it can provide you an income when you retire. We will be able to advise you on the options and consequences of such schemes.
Insurance and Protection
As you approach retirement it is important to make sure that you have adequate insurance and protection in place to ensure that your income remains protected, and you are covered in the event of critical illness.
It’s also a good time to review your retirement plans and how your financial needs may change.
Savings and Investments
As you approach retirement you may wish to start withdrawing your investments in the right way, so it is essential to receive advice and to have a strategy on how to do this so it can be done tax efficiently.
You may also wish to re-invest or otherwise optimise your savings in preparation for your retirement, in which case we are on hand to offer expert advice.
There are many ways in which you can convert your pension fund into income. You will also have the ability to withdraw a tax free lump sum. How you structure your retirement income will depend on your circumstances and retirement objectives.
When you are approaching retirement have a talk with an expert to see what your options are.