Effective planning to create a great retirement

Preparing for the future

Planning the retirement you want

Wherever you are in your life, it is important to receive professional and expert advice on your retirement planning. You may need your first savings plan setting up or you might prefer to have an existing retirement planning strategy analysed and reviewed to see how it’s working out for you currently.

Assisting you in retirement planning is a core part of our business, it’s what we do best. We will help you realise what is important to you and identify what your ideal retirement planning campaign looks like, and also crucially we will assist you to put actions in place to ensure you get it just right. Scores of people are currently under funded and invested in the wrong funds. Don’t be one of them, make the smart move of asking for help with your retirement planning.

It can be difficult knowing when to start saving and how much to save, so people ignore it and put it off. If it helps start saving today as the sooner the better and as for how much try this: Work out how much money you think you will need after you retire. Then plan to save that amount. It could be £40,000 every year for 20 years, so £800,000. Don’t forget inflation! Or even better come and speak to us and we will help you to go through it all in detail.

Nearing Retirement

Once you retire from work, you need to replace your income from working for an income from your retirement savings. There are different ways of doing this. It could be that you look to purchase an Annuity, giving you a secure income for life. The right advice at this point is crucial as there are so many variations and your personal situation can alter the amount payable quite dramatically. Health and lifestyle factors all determine the amount of income paid out, so if you’ve suffered all your life with Asthma for example, this can work in your favour when purchasing an Annuity.

Another method of taking income is through draw-down. This allows you to remain invested in the markets if you wish and also allows more flexibility in income levels year on year. This is a complex strategy and the correct advice is crucial. Happily we are on hand to guide you through it step by step.

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Company registration 12465188.

Sovereign Financial Partners is a trading name of Sovereign Money Matters Ltd, registered number 08287674. Sovereign Money Matters Ltd is authorised by the FCA, reference 599883.

The Financial Conduct Authority does not regulate Inheritance Tax Planning and Estate Planning Services.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR Tel: 0800 023 4567 or 0300 123 9 123