Need some advice? 

If you’re getting ready to retire, now may be a good time to think about financial advice. 

It can take some of the worries out of retirement planning and should help your money go further.

The benefits of advice

It’s up to you whether you get financial advice, but it may save you money in the long run. 

An adviser could make your money go further, as well as give you peace of mind during retirement. 

They can 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

Getting investment advice

This kind of advice helps you make investment choices that match your long-term goals.

It could help you:

  • Understand your goals
  • Plan your investment strategy
  • Find the right level of risk for you 
  • Explore different options
  • Get peace of mind

Help with estate planning and inheritance planning

Estate planning will help you pass on money to your loved ones in the right way, avoiding complications and helping lower your tax bill. 

This kind of advice can help you with: 

  • Wills: A will clearly sets out how your estate will be split up
  • Inheritance tax: Planning ahead will make sure your loved ones get the most from the estate you intend to leave behind
  • Powers of attorney: Giving someone power of attorney means they can look after everything if you can’t make decisions for yourself 
  • Estate administration and probate: This can mean less hassle and paperwork for your loved ones after you die

Tax planning advice

Many of us may build up money in our pension plan over our lifetimes. As we approach retirement, these amounts can be big – and so can the tax bills if we use them in the wrong way. 

Tax planning advice can help you make sure you don’t pay more tax than you need to, and may cover: 

  • Pensions and retirement savings: Including your annual and lifetime allowances, lump sums, and taking a tax-efficient income 
  • Investments: Helping you make the most of tax rules such as the Capital Gains Tax Annual Exemption
  • Savings: Understanding cash savings allowances
  • Income tax: The tax you pay when accessing your retirement savings will depend on your personal circumstances and where you live in the UK, but you may have options 
  • Inheritance tax: Make sure your loved ones don’t pay more than they need to