Retirement planning & pensions in West Sussex, Surrey & beyond

When it comes to planning for your future, your retirement and your pension, there is no time like the present.

As part of our retirement planning process, we look at the practicalities of what will happen once you stop working.

  • How much money will you need?
  • When will you need to draw funds?
  • What are the most tax-efficient savings methods?
  • Have you got a good pension?
  • How can you minimise the impact of inheritance tax?

Rather than simply ask our clients how much they would like to retire on and at what age, we prefer to ask them how they visualise their retirement. Knowing what you want to achieve is an important stage in the planning process and is one that underpins our ethos and belief in the importance of lifestyle financial planning.

As part of the retirement financial planning process, it is our job to blend income streams to minimise tax and maximise return.

When people think of pensions they tend to think of final salary schemes, private pension arrangements and state pensions, but receiving an income during retirement can take a number of forms:

  • Rental payments
  • Dividends from shares
  • Unit Trusts or ISA’s
  • Income from insurance bonds
  • Trusts

The importance of retirement planning

Ongoing retirement advice

Potentially, and especially if you are retiring early, you might have to live with your decisions for 40 years or even longer. The importance of a proper discovery session with your adviser cannot be stressed enough. At Global Financial Ltd, you will only ever receive advice from a pensions and retirement planner who holds the requisite qualification – a minimum of The Chartered Insurance Institute JO5 exam in Pension Income Options. Additionally, your adviser will probably be qualified in Lifetime Mortgage Activities and Long Term Care.

Pension planning offers a tax-efficient way of accumulating a steady source of income. Today’s pensions are low-charge, flexible and offer superb fund management, but to provide what you need to achieve the lifestyle you desire, it is necessary to formulate a plan. We work with you to project what you will need for your future, so that we can suggest investment options that will achieve this income and that you are comfortable with. Investments can be passive, managed or fully discretionary and renewed daily. We seek to use all available tax relief open to our clients, which, coupled with the option of self-investing and independent fund selection, puts you on the right road to achieving your goals.

Depending on the decisions you make regarding your pension options, you may want ongoing advice from us to manage your income in the most efficient way. As our client you will be able to login and look at the value of your plans at any time to monitor their performance against your goals.

Unsecured pensions plans are sophisticated products and are subject to the fluctuation of the underlying assets. Therefore, we always advise clients to review these plans and their overall investment strategies on a regular basis.

Are you looking for pensions advice, or would you like to discuss retirement planning?