Enjoying a comfortable retirement

| Enjoying a comfortable retirement

When you have worked hard for your entire life, your retirement is a time to be enjoyed. Many people use their retirement to achieve a goal they have always dreamed of but never had time for; others wish to travel, spend more time with their children and grandchildren, or focus on philanthropic concerns.

Whatever the goals you have for your retirement, it is vital to ensure you have the funds you need to achieve them and live in comfort, for however long your retirement may last.

Building a substantial pension pot

When you are working, your children are young and you have a mortgage and other financial liabilities, you may struggle to prioritise putting money aside for what seems like the long-distant future. However, developing a comprehensive retirement plan now doesn’t just benefit you in the long-term. In fact, the tax advantageous nature of pension contributions means that pension planning can also help you out financially in the here and now.

Contributing to your pension is a hugely tax-efficient way of investing; not only do pension contributions attract tax relief at your marginal rate, but investment growth of assets held within pension schemes is largely exempt from income and capital gains tax. Nor is your pension pot subject to inheritance tax upon your death.

Choosing the most suitable pension plan

Pensions can be complex, with a plethora of products and plans to choose from. Our financial advisers are here to ensure that your money is invested in the most suitable funds for your personal attitude to risk and future objectives.

As you approach retirement, we will be on hand with advice on how to best draw your income from your pension and combine it with other tax-efficient savings and investments, to ensure your money lasts for as long as you need it to.

Modelling your future needs

At S4 Financial, cashflow modelling is central to our financial planning methodology. As a data-driven approach to financial planning, your personal cashflow model can help you predict what you will have in retirement if you continue contributing at your current rate. By building different scenarios into your cashflow model, we can help you understand the potential impact of poor stock market performance, higher or lower contributions, and raising or lowering your desired retirement age.

Modelling your financial future

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| Achieve the retirement you have always dreamed of

Whether retirement is imminent or you simply would like to get a head-start on planning, our advisers are here to support you with a tailored plan that offers the income you need to achieve your desired lifestyle in retirement.

A pension is a long-term investment not normally accessible until age 55 (57 from April 2028 unless the plan has a protected pension age). The value of your investments (and any income from them) can go down as well as up which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits. The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation which are subject to change. You should seek advice to understand your options at retirement.