Getting ready for retirement

You're reaching retirement and need to make sure you have the right plans in place. The countdown is on – use our retirement checklist and get ready.

Your get ready for retirement checklist

 
  • Make sure you really understand your options at retirement.
  • Find out if your existing pension(s) include any valuable features or special guarantees.
  • Get registered online and stay close to your plan.
  • What does your retirement look like? Be realistic about expenses such as TV, broadband, mobile phone and holidays.
  • Are you responsible for funding a loved ones’ retirement too? Think about how much you’ll need and what happens after you die.
  • Start planning how you’d like your retirement income to be paid.
  • Get up to speed with tax.
  • Find out what basic state pension you’re entitled to.
  • Combine your pensions - find out if transferring is right for you.
  • Will you continue working? Think about how much you’ll need from your pension.
  • Do you need professional financial advice before you make this important decision? You can access free independent guidance from April 2015 too.
  • Get a Will in place if you plan to pass on some wealth.

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