Professional retirement planning advice
Retirement planning can feel daunting with so much to consider and so many variables. It is wise to start planning for your retirement early on. We can help you prepare.
For advice on your retirement options, contact James Leighton Wealth Management today
Get in touch
Get in touch
How much will you need?
When it comes to thinking about how large your pension pot needs to be, you will first need to consider how you envisage your retirement. Will you want to travel? Eat out frequently? Go on adventures? Spend time on hobbies? Volunteer or work a little? Move or even emigrate? While the exact sum is impossible to predict, as we write, analysis by Quilter suggests that a single person would need a pension pot of £459,000 to acquire a moderate level of income from an annuity, rising to £738,000 for a comfortable retirement. With the cost of a comfortable retirement having soared, there’s all the more reason to start planning and saving early. The earlier you start, the less you’ll have to put away each year. Our advisers can talk to you about your options and the most suitable ways for you to set money aside for when you retire.
- Call: 0115 870 9520
- Email: wealthadvice@jlwm.co.uk
-
Tax efficient pension planning
Planning your pension involves contemplating your long-term goals and tolerance for risk. Professional advice from a pensions specialist could prove very beneficial. Our advisers know how to make your pension planning tax efficient.
-
Personalised investment management
Personalised investment management comprises building a portfolio that aligns with your financial needs in retirement. It provides you with a bespoke plan that’s based on your individual goals, options, and your preferences.
-
Tax advantaged retirement planning
Tax advantaged retirement planning requires market knowledge and a holistic approach. It’s important that your pensions, Individual Savings Accounts (ISAs), savings accounts and general investment accounts work efficiently for you.
-
Estate and legacy planning
For the ultimate peace of mind, estate and legacy planning aim to protect and transfer your wealth accordingly. Estate planning focuses on the management and distribution of assets, while legacy planning centres on leaving behind a lasting legacy.
Maximising pension contributions
Get the most from your pension by starting to contribute early on. Maximise employer contributions if possible and utilise tax relief opportunities.
Planning for later life
There are four main sources of retirement income. You can buy an income, either for a set period of time or for life. This is known as an ‘annuity’. Or you can opt for an adjustable income, which is known as a ‘flexi-access drawdown’ (or simply ‘drawdown’). You can take lump sums from your pension. Or you can mix and match these options.
Protection from inflation
Inflation can impact your pension savings significantly, subsequently impacting how much you will have available to you when you retire. It decreases the purchasing power of your pension funds. By investing strategically, you can help protect your pension pot from inflation. To save smarter, you might want to opt for assets that tend to perform well during high inflation periods, for example, equities.
Self-employed retirement planning
If you are self-employed, you can choose your own pension rather than have an employer do that for you. You can also select your pension provider. If you opt for a self-invested personal pension (SIPP), you will even be able to select the investments you want. And you can adjust the sum you pay in each month or add lump sums.
Personalised retirement planning solutions
James Leighton was founded in 2010 and appointed representatives of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority (FCA). For decades, we have helped thousands of clients with their personalised retirement planning. Our qualified, experienced advisers will tailor your retirement plan to your current set of circumstances, needs and objectives for the future. They will establish your vision for your retirement and find the most suitable means of helping you achieve it. We are proud to make financial planning services accessible to more people by keeping our fee structures low. We are based in Nottingham and work with clients in and around the area, as well as working remotely with clients across the rest of the UK. We were recognised as Business of the Year 2023 and Best Mortgage Firm 2023 at Quilter Financial Planning’s ‘Key Accounts’ Awards.
- Call: 0115 870 9520
- Email: wealthadvice@jlwm.co.uk
42%*
of workers say they would benefit from guidance on financial wellbeing and retirement planning.
A recent survey showed 42% of workers (54% of Gen Z and 49% of Millennials) believe support both now and in retirement would be beneficial.
*Source: https://www.smartpension.co.uk/reports/10-key-insights-from-uk-savers