There are 3 key stages when you should take retirement planning advice:
Early Twenties: To establish good habits for regular saving in pensions as well as maximising tax relief and growth opportunities.
10 years Before Retirement or Mid to late Forties: to identify current pensions, projections, likely expenses and income needs and identify any funding gaps, shortfalls and any remedial action to make up any shortfall.
5 years Before Retirement or Mid to late Fifties: when you are on your final run in to retirement to start positioning your pension funds for annuity purchase, flexible pension drawdown or a mix of these and any phased retirement options.
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