Pensions & Retirement
It’s never too early to give consideration to your retirement planning, in doing so you can increase your chance of building a retirement fund to allow you to live comfortably in your later years.
Stewart IFA Ltd can help you reach this goal. By determining the age at which you aim to retire and your ambitions for retirement we can put you on the right path.
Some of the key factors to consider when planning for your retirement are:
How much pension income do you require.
Do you need flexibility?
Do you have a spouse or dependents that you wish to provide for?
We will assess your income and expenditure to determine
How much you could comfortably save each month/year for your retirement
Provide you with illustrations to project your future retirement pot
Put a financial plan in place to help you achieve your goal
We understand that your retirement objectives may change throughout the years therefore we believe that It is imperative that you regularly review the performance of your retirement fund to ensure that it is on track to meet your goals, especially in your later years. Therefore we offer regular reviews of your portfolio to ensure that it is on track to achieve your ambitions.
Pensions are a tax efficient way of saving for your retirement. We can help you understand the tax incentives offered when investing in pensions and how to use your annual personal allowance.
You may have accumulated a number of pension pots throughout your working career, we can help you identify the options in retirement that each scheme offers and demonstrate to you if it would be in your best interest to consolidate your retirement funds for ease of administration in retirement.
Income in retirement
When drawing money from your pension in retirement there is more flexibility than there was in the past.
The range of options available can be daunting. We will help you understand your options, demonstrate how long drawing your desired level of income could be sustained in retirement, and how much you could draw each year tax efficiently to reduce your tax liability.
Depending on the option(s) taken we will continue to review and monitor your retirement fund to provide you with the confidence that your fund will have the ability to allow you to live comfortably in retirement.