The value of your investments can go down as well as up and you may get back less than was paid in. Laws tax rules may change in the future. Your own circumstances and where you live in the UK will also have an impact on tax treatment.

An adviser can give you confidence in your future

As you approach retirement, you’ll start to make a plan for the future you want. You can do this yourself, but you can also get help from a financial adviser. 
They'll look at your circumstances, and make a plan that suits you to help meet your financial goals and make sure you don’t pay more tax than you need to.

Do you really need advice?

It’s up to you whether you get advice. It normally costs money, though it can save you money in the long run. 

This page will help you understand the pros and cons.

Can you do it yourself?

There are lots of things to think about when you plan for your financial future, including: 

  • Different funds and how they’re managed
  • Risk ratings 
  • Tax rules
  • Market trends
  • Rates and allowances
  • Inheritance

Understanding everything takes time, knowledge and confidence. And it keeps changing. 
You could read our investing for beginners guide for more information.

That’s why many people prefer to get help. Generally, it means less stress, though, of course, it does cost money. 


What an adviser will do?

Getting advice isn’t just a one-off meeting and a fixed plan. It’s an ongoing relationship that helps you potentially make more of your money. 

A good adviser will help you: 

  • Make investment decisions
  • Avoid paying more tax than you need to
  • Make the most of tax benefits and allowances 
  • Find the smartest way to take your money
  • Plan for passing on your wealth

Finding an adviser

Only use regulated advisers

You should only use an adviser who’s authorised and regulated by the Financial Conduct Authority.

This means that: 

  1. Your adviser has the right qualifications 
  2. You’re covered by the Financial Ombudsman Service and the Financial Services Compensation Scheme if something goes wrong.

What to look for 

A good adviser will:

  • Take the time to understand your circumstances 
  • Give you as long as you need to make decisions
  • Be clear and upfront about their charges 
  • Support you for the long term

Don’t be afraid to ask questions – for example, about the size and strength of an advice firm. Choosing an adviser is a big decision, and you should feel confident in whoever you’re working with.