Planning for later life
Retirement moves through several different stages. With average life expectancies now meaning that retirements can last 20, 30 or even 40 years, planning your retirement finances means you’ll need to take into consideration how your needs will change as you age.
As you move from the early more active years of retirement to a slower pace of life, your thoughts may turn to how you ensure your finances can continue to support you. You may have questions about releasing funds through downsizing or equity release, how you are drawing down your pension, or be worried about whether you have done everything you can to reduce the Inheritance Tax bill on your estate.
Life doesn’t always keep to the plan, so even if you already have a lifetime cashflow forecast, it’s important to keep revisiting your arrangements and ensuring they remain best suited to your needs and goals.
Our clients often ask us:
Should I downsize my home?
You may wish to relocate to a more manageable home and release some equity from your largest asset. We’ll help you navigate this emotive issue and explore what’s right for you.
How can I transfer wealth to my family tax-efficiently?
If your estate is worth more than the Inheritance Tax threshold, financial planning can help reduce the tax bill your loved ones will be asked to pay after your death.
How much will I need for later life care costs?
Care costs can quickly escalate. We will help you understand the types of care available, explore which may be the most suitable for you, and how it will be paid for.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Tax treatment varies according to individual circumstances and is subject to change.
Estate and Inheritance Tax planning is not regulated by the Financial Conduct Authority.
Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.
Mr Martin Sherris
All staff were exceptional throughout. The quality of service, communication, and professionalism were without fault, and it honestly made things so much easier having them on board. An absolute pleasure.
Every client we work with is unique – and that’s something we celebrate. We follow a simple four-step approach that ensures the decisions you ultimately take, are the right ones for you.