Many people believe, some what incorrectly that retirement planning relates only to pension advice.
Retirement planning is, in fact, about organising your affairs so that when you stop work you have sufficient income to maintain your standard of living. Where this income comes from is down to personal choice. For example, a bank account paying monthly interest is effectively a very simple form of retirement planning.
We understand that by diversifying a client’s assets it is possible to generate a substantial level of income in a very tax efficient manner without it being necessary for clients to have to work.
Whilst pensions remain one of the main sources of income in retirement and are without a doubt extremely tax efficient prior to retirement they do have limitations. By managing a clients affairs appropriately we believe it is possible, even with meagre means to obtain a level of income, in retirement sufficient for most people’s needs. The earlier one starts planning for stopping work the easier it is to fulfil these plans, however, we never lose sight of the fact that clients must live for the here and now as well as looking forward to their future.
To discuss how you can achieve having enough income to live on when you retire please contact us or telephone on 01376 529800 now a free initial consultation.
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