Perhaps your aim is to have paid off your mortgage, go travelling or buy that dream holiday home, but it's worth knowing that even the small financial decisions you make between now and then could affect your ability to retire when and how you want.
At Barwells Wealth, we take the time to understand our clients’ unique needs and circumstances so that we can provide them with the most suitable solutions in the most cost-effective way.
With all the publicity in recent years, it's easy to think that finding enough to live on when you retire will be a struggle. While it's true that a badly planned retirement can lead to difficulties, the quality of your future life can be greatly improved by your actions now, and you can take complete control of the outcome. A properly structured financial plan, with the right pension or investment in place, can set you on the road to a fruitful and happy retirement.
A pension is a long-term investment. The fund value may fluctuate and can go down, which could have an impact on the level of pension benefits available.
Your pension could be affected by interest rates at the time you take your benefits. The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation, which are subject to change in the future.