Retirement is one of the biggest life changes you will face, so it is vital that you prepare for it properly.
In the past few years new drawdown legislation, tax treatments and reductions in the lifetime and annual allowances have made pensions an increasingly complex area, and getting the right guidance is crucial.
The further in advance you start planning for it, the more you improve your chances of achieving the retirement you want. However, even if your retirement is close and you’ve done little to prepare, any action you can take now is generally better than none.
Our first question to you will be “Where are you now? followed by “Where do you want to be?”. We will provide lifestyle and cash flow modelling to identify shortfalls and we can then create a plan to solve them.
Finura will then help you to create a robust and tax efficient retirement plan designed to provide security and flexibility in retirement.
You are near enough to retirement to have some idea of your preferred lifestyle and your goals. This is the time to work out how you will afford them, so you can take any necessary action to boost your retirement income.
At Finura, we can provide cash flow modelling which will assist in helping to determine how much you should save and how long it will take to achieve your desired retirement lifestyle. We will also advise on which investment options work best together and how to ensure your money is working as tax efficiently as possible.
At this point you should be actively considering how you will take your income in retirement and from what source first. No matter how much (or how little) preparation you have done so far, the actions you take now can make a surprisingly big difference to your retirement income.
Our team of advisers can help you to decide if you want to stop working fully or ease into retirement. We can then weigh up the options of how best to use your pension savings or other assets to be as tax efficient as possible.
Although you are already in retirement, there are still plenty of options available to help you manage any changes in your plans and continue to make the most of the savings you have accumulated. It may be a change in investment strategy or risk profile or there may be a more tax efficient way to draw your income. Inheritance tax planning may now be a consideration.
At all stages, our team can advise on:
Finura is able to advise and construct individual investment solutions for both the hands-on and passive investor. We can structure solutions for income and growth at all risk levels. We can help with lump sum and regular saving as well as supporting trustees.
Our mortgage service takes the stress and hassle out of applying for a mortgage. Whether you are looking for residential, investment, buy-to-let or commercial property finance, we can help you make the right choice for your circumstances.
Accounting for the recent and ongoing rule changes, Finura helps create robust, efficient and innovative pension and retirement plans, designed to provide flexibility and security in retirement for you and your family. We can also advise on annual, lifetime and carry forward pension allowances.
Finura plans and manages inheritance and estate planning solutions, helping clients to protect their legacies and provide for their families in later life.
Whether you are looking to protect debt, lifestyle, or both, Finura can audit your current personal and work insurance and provide solutions to ensure that you and your family are comprehensively protected.
At Finura, we place an enhanced focus on gaining an in-depth understanding of who our clients are, what makes them tick and what their personal, financial and lifestyle aspirations are.
By combining advanced cash flow modelling and behavioural finance software with a service-driven approach to financial planning, we help clients to better understand the decisions they are making and to see how those choices will help them achieve their financial objectives.See How We Work
Whatever your enquiry, our friendly, professional team is always here to help.
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