Pensions, Retirement & Beyond
Our retirement years should be the time we can be free to pursue our own lives and dreams, however how much time do we spend planning for our financial security during this time?
With the statement above in mind, whatever your stage of life, and with ever-increasing strains on state pension provision, it is important that you make plans to ensure that your retirement years meet your aspirations and reward a lifetime’s work. At MH Wealth Management, we urge people to consider their retirement needs, with their independent financial adviser, as early as possible and to regularly review whether their plans remain on track.
As new products continue to be developed for the “at-retirement” market, it is arguable that this is the most important time of life to take independent financial advice. Those nearing retirement must ensure that they consider all of the options available to them as they may well have to live with the consequences for upwards of thirty years.
Advice on taking benefits from pension schemes
We are experienced in providing advice on the many options available when taking benefits from pension schemes, including:
- Annuity Purchase
- Impaired Life/Enhanced/Smoker Rate Annuities
- Investment Linked Annuities
- Pension Fund Withdrawal (Income Drawdown)
- Phased Retirement
- Pension Lump Sum Investment/Portfolio Planning
- ISA Investment
- Income Producing Investments
Beyond retirement and later in life
People are living longer and looking closer at their retirement and whether they’ll have enough funds. Many people in later life have been as affected if not more by the current economic downturn as anyone else.
Managing your finances for later life is as important as it has ever been. We’re here to help you manage the myriad of options and products available to you.
You may need to spend some time considering retirement planning advice and we can help you do this. Options we can look at are:
- Equity Release
- Downsizing*
- Annuities
- Inheritance Tax Advice*
- Lasting power of attorney*
- Wills*
* Not regulated by the Financial Conduct Authority