When should you start retirement planning?
When should you start retirement planning? There’s a really simple answer to this. Right now. …
Read moreWhat is the best retirement plan?
The best retirement plan is quite simply one which leaves you enough money to enjoy your life while you are working, while building a big enough pension pot to continue the lifestyle you desire throughout your retirement.
Whatever age you are now and however much you have, or haven’t, put away for retirement so far, now is a great time to take another look at your plans and optimise them.
If you are already retired there are ways you can continue to still grow your pension while drawing from it – more on that later in this article.
Firstly, if you are still working what is the best retirement plan?
Here’s 5 Top Tips to Maximise Your Pension
- Scoop up any old employers pensions you have into a single personal pension pot under your control. Have it actively managed in line with your risk profile.
- Pay regular contributions in each month into a diversified pension of actively managed funds and claim the extra tax breaks available from the government while it is available.
- Resist taking your tax-free cash upon reaching 55. Think long term and increase your savings by allowing regular savings and growth compound untouched over time.
- Prepare a cashflow plan with your income and expenditure now and project this forward to the date you wish to retire. Factor in changes in requirements, outgoings and inflation.
- Take professional advice. Unless you are an investment expert it’s worth paying an Independent Financial Advisor to sort out your retirement planning
Interested in finding out more?
Seeking a second opinion on your financial future costs you nothing.
Simply call our friendly team on 0121 355 4455 or drop us an email to appointments@oaklandswealth.com to arrange a confidential chat.
Oaklands Wealth Management, founded by Helen Blackburn in 2004 advises clients around the Midlands on retirement planning, pensions & investments.
Her firm holds British Standard BS 8577 for client service & investment process.
Minimum investment is £500,000 (£650,000 for pension transfers).
IMAGINE YOUR PENSION & SAVINGS 100% UNDER CONTROL…
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Risk Adjusted Personal Investment Portfolio
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A WORD FROM OUR CLIENTS...
“I had a number of separate pension pots which I’d built up over my career and I visited Oaklands Wealth for advice on consolidating them. The result has been an investment into a single personal pension which is producing far better returns than I had previously had with the separate pensions. All services and advice from Oaklands have been excellent.”
A WORD FROM OUR CLIENTS...
“Helen is outstanding in her knowledge of the pension ‘minefield’ and immediately gave us a feeling of ease when discussing, what is after all, the rest of our financial lives. From the very first e-mail to the ‘sit down’ you have with her, everything is done in plain English. Helen is a model professional in this field.”
A FRIEND FOR YOUR FINANCIAL JOURNEY...
THIS IS NOT A DIY SERVICE – WE TAKE FULL RESPONSIBILITY FOR SETTING UP YOUR PENSIONS AND SAVINGS. FOR LIFE.
No half measures. We don’t set it up then leave you all at sea. We manage your investments ongoing and hold ourselves accountable for steering you through your financial journey.
This phrase came from a client who said that’s exactly what we felt like to him, he said “you are like a friend or good neighbour who’s always got my best interests at heart.”
Whatever the reason you come to us we care. We really care. Like it’s our own money.
Tidying up bit and bobs of pensions and putting them neatly in a pot you have full control over.
Maybe transferring a final salary pension if your objectives are better met with your own pension.
Making sure you get all the tax efficiencies legally available to you to enhance your money.
Pointing the microscope on 3,000+ funds and finding the best ones to secure your retirement.
