Retirement

Are you looking to retire soon?
For many people the end of a regular salary each month, coupled with unlimited time in which to spend money, can be pretty daunting. Deciding how to take your pension can be an irreversible decision affecting your standard of living for the next 30 years!

The way you secure your income in retirement will affect your financial future forever. It is important that you are aware of the full range of options available to you which may include buying an annuity, using an unsecured income scheme or a combination of all these. The implications in terms of income, capital available to family members upon death and future investment risk are all important considerations where decisions should not be taken without full understanding.

Moore Stephens Financial Services are able to provide specific tailored advice for individuals in this position both now and in the future.

Are you planning to retire in future?
The way in which you save for your retirement may include pensions, savings accounts and property investment. There are many different ways to save but the tax implications are dramatically different for each. In order to maximise returns from your savings, whether it be by pensions, direct savings etc., will have a significant impact upon the return you receive. It will also affect the accessibility of your savings

It is important that your financial affairs are structured in the most suited and appropriate manner to reflect your current requirements and circumstances.

The way you secure your income in retirement will affect your financial future forever. It is important that you are aware of the full range of options available to you which may include buying an annuity, using an unsecured income scheme or a combination of all of these. The implications in terms of income, capital available to family members upon death and future investment risk are all important considerations where decisions should not be taken without full understanding.

Moore Stephens Financial Services are able to provide specific tailored advice for individuals in this position as well as an ongoing review service.

Have you already retired?
If you have already retired, then you will be aware of the need to maximise your income and to make the best of your tax allowances. If you have an income drawdown scheme then you may want a review of your underlying investments to ensure that they are providing you with the best possible income without undue risk to your capital.

You may also wish to aim to ensure that your investments are arranged in the most tax efficient manner and are producing the best returns possible. You may also want the administration reviewed - reducing paperwork is a frequent request we receive!

Moore Stephens Financial Services are able to offer fully structured advice in these areas to meet your needs.


Do you qualify for enhanced annuity terms?
If you are looking to use your pension funds to purchase an annuity then this is a one off decision which will affect the rest of your life. You must ensure that you are receiving the best possible terms.

The Open Market Option allows you to purchase your annuity from any annuity provider in the market place. It may be that consolidating your funds means you will receive a better income.

You may also qualify for an enhanced annuity if you smoke or have had health problems. If so, this can increase your pension by up to a third. Moore Stephens Financial Services have experience in dealing with all annuity providers and can advise you on whether you may qualify or not.

Do you want to explore the alternatives to annuity purchase?
The way you secure your income in retirement will affect your financial future forever. It is important that you are aware of the full range of options available to you which may include buying an annuity, using an unsecured income scheme or a combination of all these. The implications in terms of income, capital available to family members upon death and future investment risk are all important considerations where decisions should not be taken without full understanding.

Moore Stephens Financial Services are able to provide specific tailored advice for individuals in this position as well as an ongoing review service.

Do you want to save for retirement?
The way you secure your income in retirement will affect your financial future forever. It is important that you are aware of the full range of options available to you which may include buying an annuity, using an unsecured income scheme or a combination of all these. The implications in terms of income, capital available to family members upon death and future investment risk are all important considerations where decisions should not be taken without full understanding.

Moore Stephens Financial Services are able to provide specific tailored advice for individuals in this position as well as an ongoing review service. It cannot be overemphasised how important investment performance is in long term saving, therefore in our opinion this should be reviewed at least annually.

Aim to maximise the flexibility of your income
For many people the end of a regular salary each month, coupled with unlimited time in which to spend money can be pretty daunting. Deciding how to take your pension can be an irreversible decision affecting your standard of living for the next 30 years! Maintaining flexibility to cope with your changing requirements can be very important.

The way you secure your income in retirement could affect your financial future forever. It is important that you are aware of the full range of options available to you which may include buying an annuity, using an unsecured income scheme or a combination of all of these. The implications in terms of income, capital available to family members upon death and future investment risk are all important considerations where decisions should not be taken without full understanding.

Moore Stephens Financial Services are able to provide specific tailored advice for individuals in this position as well as an ongoing review service.