For many people nowadays, retirement is a gradual process not a day set in the diary as it was for our parents and grandparents! A typical client will have a number of pension plans, employer schemes and savings as well as an entitlement to the Basic State Pension, making it difficult to decide when to take which and when?
On top of that you may wish to remain economically active and have many years left to carry on working but on your terms, not that of your previous employer.
For others, it is simply about knowing when they can stop doing what they now loathe doing and step into something they want to do but want to know they can afford to, by drawing on pensions and/ or savings.
In recent years the introduction of ‘Pension Freedoms’ has meant that a client has the flexibility to tailor their retirement plans to suit their cash-flow, attitude to risk as well as prudent tax planning. However, they need help and advice to get through the complexities of the pension system.