Planning for retirement is not high on the agenda for many people until later on in life. But as retirement approaches pension planning comes into focus. It’s never too late!
A review of your pension situation may be the best starting point. And changes may follow on from that, including consolidating pensions, while additional pension contributions could be shown to be worthwhile.
And when it comes to retirement itself, there are a number of key decisions to make which will potentially affect your income for the rest of your life. Current legislation provides a range of options; all you need to know is which is the best for you!
“Flexi-access drawdown” is a popular route, while buying an annuity still has a place in pension planning.
If you have other invested assets beyond pensions it may actually be better to use those to provide an income rather than your pensions. All of that is part of what we consider.