Pensions and retirement planning
Planning for life after work
Living life to the full
When looking to the future when working life is over, although our individual goals and objectives may be different, we all want the confidence that we can enjoy a high standard of living throughout a long and happy retirement. This confidence comes from developing a meticulous financial plan and ensuring you have the products in place to fund the retirement you dream of.
Saving for retirement is one of the most significant financial challenges most people face. Having an expert by your side to navigate the complexities, avoid the potential pitfalls and secure the outcome you deserve is an invaluable source of comfort and reassurance. At Wallis Wealth, we specialise in pensions and retirement planning. We can advise you on all key considerations, including pension reviews, investment selection and management, pension consolidation, using your annual allowance and understanding the complex tapered annual allowance for higher earners, making extra pension contributions, assessing your pension against the lifetime allowance tax charge and using other savings and investments, such as ISAs, to maximise tax-efficiency.
The landscape of pensions and retirement planning is continually evolving and increased flexibility means there are now many more options than simply saving into a pension and buying an annuity on retirement. We can also help you to fund your retirement in a way that suits your individual requirements and optimises use of the various tax allowances. This could include taking pension lump sums, buying an annuity, selling parts of your investment portfolio and taking income from ISAs, dividends and cash savings. We can show you how long your retirement fund should last and how much you can afford to spend each year. In some scenarios it may be possible to fund your retirement entirely from other sources, leaving your pension untouched and passing it on to the next generation tax-free.
Our specialist pensions and retirement planning services
- Pension reviews
- Pension arrangement
- Pension consolidation
- Contribution reviews
- Investment review and selection
- Cashflow modelling
Our service begins with a discussion about your current financial circumstances and your future objectives, to help us understand what you want your retirement to look like. We can then calculate how much money you will need to achieve your goals and analyse your savings and outgoings to find out how long your money will last and whether you’re on track – or what you need to do to get there. This process of forecasting your future finances is known as cashflow modelling, showing you in real time how much money you could have in the future. This is a powerful tool in establishing whether you are on track to achieve your goals.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested. An ISA is a medium- to long-term investment. Which aims to increase the value of the money you invest for growth or income or both.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen. For specific tax advice, please speak to an accountant or tax specialist.
Interested in finding out more? To book a no-obligation consultation with our expert retirement planners, call us today on +44 (0) 800 228 9928.
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Saving for retirement is one of the most significant financial challenges most people face. Having an expert by your side to navigate the complexities, avoid the potential pitfalls and secure the outcome you deserve is an invaluable source of confidence and reassurance.
How can we help?
To start our conversation, just give us brief details about your enquiry below or call today on
+44 (0) 800 228 9928.
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