Whatever you want to do when you retire, the better prepared you are, the more rewarding it will be. It’s important to assess the key aspects that will influence your retirement as the decisions you make can have a real impact on your savings. There are some important considerations to think about:
This is the trade off between relative safety (which you may choose out of concern) and taking risk (which you may choose with an aim of achieving growth). Your attitude may also change as you accumulate wealth (because you have more to lose) and as you get older (because you have less time to recover if your investments fall in value). But risk is never completely eroded – even with cash or an annuity.
You also need to ask yourself some of the following questions:
Our Financial Planning Service can help you consider all these and create a plan just for you.
Past performance is not a guide to future performance. Investors may not receive back the full amount originally invested and the value of investments, and the income from them may fall as well as rise. Tax treatment depends on individual circumstances and may be subject to change in the future.
Pensions – Tax advantages and
Read more about the Government's tax relief offers on pension contributions to encourage people to save for their retirement.
Pensions changes 2015
The biggest reforms in pensions in almost a century were announced in the 2014 Budget, giving you more choice.
Retirement - What are my
There are important decisions to make in preparation for your future and at retirement. We can help you at every step.
Get in touch with one of our Private Banking and Advice Managers.
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