Greater Freedom:
• Keeping the plan fit for purpose applying any flexibility you need around your income needs
• Incorporating your state pension
• Drawing income from your pension pot tax efficiently
• Ensuring your money doesn’t run out throughout retirement
• Planning for any future expenditure
• Thinking about when to delegate financial control
• Planning funeral expenses
• Making plans to pass on wealth tax efficiently
Later Life:
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Ensuring any increased income needs can be met from your savings
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Finalising and implementing any planning choices around care
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Seeing the positive impact of legacy and estate planning by passing wealth on to your family if appropriate
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Potentially releasing further income from your home to fund care costs
Slowdown:
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Reviewing your income and ensuring it still won’t run out
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Drawing your income tax efficiently from your remaining pension pot
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Finalising any estate planning to ensure it is tax efficient
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Making allowance for potential care costs
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Planning for later life by thinking about who you might delegate financial decision making to on your behalf
In-Retirement
Some of the areas we will cover in our meeting will be to ask you the below statements to help you decide on the best area of investment
The tax treatment is dependent on individual circumstances and may be subject to change in future