Plan the move from earning to retirement income
After years of working and saving, retirement can bring a new kind of financial decision. You are no longer only building savings. You are deciding how to use them, how long they may need to last and what level of certainty you want. Everwealth offers independent financial advice across Hertfordshire to help you see those decisions together.
Connect personal wealth and family plans
Pensions are one part of the picture. We consider ISAs, general investment accounts and investment bonds alongside your retirement plans and family wishes. Explore investment advice and inheritance planning, including how helping others today could affect the resources you may need for your own future.
You work with Neil Summers or Jordan Durrant, with home visits that make room for an unhurried conversation. We begin with your plans for life, your household spending and the people who depend on you. Your pensions and investments are considered in that wider context.
Different careers, different pension benefits
A working life in Hertfordshire may include local employment, commuting, self employment or a combination. Stevenage has a substantial aerospace and defence sector, alongside other employers. Several roles can leave you with pensions built under different rules, with benefits that need to be understood separately.
We can help you establish what each scheme offers, when benefits may be available and what choices you have. A pension described as a fund is different from one providing a promised income. Retirement ages, guarantees and charges also deserve attention before making changes.
Retiring gradually
You may want to reduce working hours, take a different role or leave a business before stopping work completely. During that period, employment income and withdrawals from savings may overlap. The timing matters because money taken today affects what remains for later years.
We consider the income you need, the cash you want available and how investment risk fits your circumstances. A useful plan should make the trade offs understandable. It should also be possible to revisit the choices as your work, spending or family priorities change.
Review before combining pensions
Our pension advice focuses on invested defined contribution pots. Expected defined benefit income can be included in your wider financial plan, but we do not advise on transferring defined benefit pensions.
Consolidation can simplify paperwork, but it should be assessed on more than convenience. Moving a pension can involve charges or the loss of guarantees and protected benefits. Comparing the existing and proposed arrangements helps establish whether a change is appropriate.
Defined benefit pensions can provide valuable guaranteed income. Transferring away means giving up benefits and is not a routine step towards retirement. Do not assume that an adviser will recommend moving every pension into one account.
Consider the income options carefully
An annuity can provide income on agreed terms. Drawdown offers flexible withdrawals while keeping money invested. That flexibility comes with investment risk and the possibility of exhausting the pension. We explain both the potential benefits and the uncertainties, including how decisions may affect a partner.
Investments can fall as well as rise and you may get back less than you invest. Tax treatment depends on individual circumstances and may change. Your capacity to absorb losses is as relevant as your appetite for investment risk.
Advice near you
Explore our financial advice in Stevenage page. We offer home visits across Hertfordshire without requiring you to travel to a client facing office. Read more about pension and retirement planning and pension consolidation.
Begin with a conversation
Your initial consultation is free. Any fees will be explained before a meeting takes place, and all meetings are without obligation. Book a free consultation or call 0345 257 5752.
Can I ask about pensions from aerospace or defence employment?
Yes. We can begin by reviewing your personal pension paperwork and retirement goals. The employer name does not tell us every benefit you hold. Different schemes and joining dates can mean different arrangements. Obtain an official statement or quotation from the administrator so decisions begin with your actual entitlements.
This is general information, not personal financial advice.
Can my partner join a home meeting?
Yes. If you want to plan together, a partner can join the conversation. We consider each person’s income and pensions alongside shared spending and commitments. Neither of you needs a fixed retirement date before the first discussion, and all meetings are without obligation.
This is general information, not personal financial advice.
If you are aged 50 or over and considering how to take money from a UK defined contribution pension, Pension Wise offers free, impartial guidance. Guidance does not replace personal financial advice.
The value of investments and any income from them can fall as well as rise and you may get back less than you invested.
Tax treatment depends on individual circumstances and may change in the future.