Retirement Planning
Pre-Retirement Planning
Pensions are the most tax-efficient way to save for retirement offering. There are many choices open to individuals both in the structure of the pension plan and the investment options available within it. These include:
Stakeholder Pensions – simple, limited range of investment options
Personal Pensions – simple, broader range of investment options
SIPPs – more sophisticated with wide investment powers including self-investment and access to our range of Investment Portfolio Solutions. SIPPs offer significant flexibility.
SSASs – Similar to SIPPs but the investments are pooled between members. They can be suitable for family groups or businesses which wish to collectively make investments, for example in commercial property or making loans to a sponsoring employer or where long-term continuity is important.
We offer a wide range of services in relation to retirement planning including reporting on the adequacy of existing pension arrangements and helping you create a plan to achieve certain benefits in the future taking into account not just pension plans but other sources of retirement income such as part-time working or rental income. We can also annually review your pension savings ensuring they are on track to reach your retirement goals and continue to offer value for money and maximum flexibility.
Frequently Asked Questions
- How do I Encourage growth in my portfolio?
- How do I ensure that I save enough for the lifestyle I want in retirement?
- How Much Do I Need to Save to Retire?
- What can I do to boost my pension?
Retirement Planning
Building up a pension plan is only one half of the retirement planning process, the second half is discovering your options for when that retirement date starts approaching. In the past this was a simple process – take a tax free lump sum and buy an annuity, however with the purchase of an annuity involves many decisions including taking account of guaranteed periods, spouses benefits, health and lifestyle factors, increases to pensions in payment and so on.
But today there are even more options and decisions to be made.These options include:
- Lifetime Annuities
- Fixed Term Annuities
- Investment-Linked Annuities
- Phased Retirement
- Income Drawdown
With the range of options available to us today, how and when benefits are taken is an area where advice has never been more important and is a core focus of our business. Our ‘Guide to Retirement Options’ includes an explanation of the various choices open to clients. This can be accessed below.
Frequently Asked Questions
- What are the first things I need to do to create a plan?
- How do I know If the retirement plans I have are realistic?
- How Do I Know I Can Retire?
- What are my options for when I retire and am I making the right decision?
- What are the consequences to an early retirement?
- What will I receive from the state in my retirement?
We value long term relationships with our clients; but what do our clients say about us?
We cannot speak highly enough of the quality of advice and personal service that we have experienced from Stephen. He is professional, thoughtful, understanding and will always go out of his way to ensure his clients are both happy and confident in their decision making.
Our journey has now taken us into retirement and we continue to work closely with Stephen and the team at Hammond Raggett in the knowledge that the planning and investment for retirement continues to receive the same high standard of personal attention.
Alan and Gail, Lancashire
Scroll over the detail below to choose the individual service you require and follow the link provided
Call one of the Hammond Raggett and Company team on 0161 834 2222 to discuss how we can help you, or press the button below to be directed to our contact form.
Contact us