Retirement planning is far from being just a single decision at the point of your retirement, as to how you may choose to take your pension and what the pension will give you.

Whilst pensions may make up one part of your retirement plan, forming a cohesive strategy, to generate sufficient capital and income in retirement, should be considered a lifelong journey, often collaborating a variety of sources of income and capital accrued during your working life, with a holistic view of your financial circumstances and tax position at the point of retirement.

Whether you are planning for retirement, you are at Retirement or in Retirement, there is never a better time to benefit from retirement planning advice, than right now.

The Scale of the Problem?

People retiring today may expect to enjoy on average 20-25 years of retirement after finishing work, often longer if retiring at a younger age.

Running out of money in retirement, is a real possibility for many. Your tax position can be more complex when drawing from different sources of income and capital in retirement, with an ever-changing landscape, taxation can exacerbate your finances and reduce the longevity of your retirement funding, if not properly considered.

Specialist Advice

The planning work involved in building a successful retirement plan will vary depending on whether you are pre-retirement, at the point of retiring or in retirement.

There are no magic formulas, it’s personal to each client, but the time to start planning is now. Set your plan early, review it regularly and adapt it as required, regularly test that plan to make sure it is robust to withstand the ever-changing financial environment we live in.

It’s what we do…

At Foresight Financial Solutions, we always undertake a forensic approach to understanding your financial circumstances, your objectives, and your requirements to help you make your retirement plan your own.

At the heart of our Retirement Planning Service, and what sets us apart, is our use of market leading cashflow forecast software that not only allows us to model and plan your retirement, but also to regularly test and review your financial plan.

We will actively stress test your plans against abnormal market volatility, periods of high inflation and scenarios where you or your family may suffer untimely life events such as early death or serious ill health, to help measure their impact on your retirement plans and consider the tax implications to make changes where needed. This will ensure that your retirement is steadfast for the future, allowing you to retire your way.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time.  The value of any tax relief depends on individual circumstances.