This critical question often requires expert advice. Your lifestyle will significantly influence how much you need to budget. While early retirement might be tempting, waiting could be more advantageous in some cases.

We review this thoroughly in our meetings to ensure that your spending isn't compromised and you are able to take your income in the most efficient ways.

No, you don't have to take your tax-free lump sum all at once. You can choose to take it in smaller portions over time if that better suits your financial plan and needs. This can offer more flexibility in managing your income and taxes during retirement.

An annuity provides a guaranteed income for life or a set period in exchange for a lump sum from your pension. It offers stability and predictability, with various types like fixed, variable, and inflation-linked. Ideal for those seeking a risk-free, stable income, especially if you expect to live longer than average.

As you approach retirement, this is likely a major concern. We can offer you a comprehensive pension forecast and discuss strategies to maximise your savings.

It's essential to have a retirement plan rather than just winging it. Your pension funds need to last for the rest of your life, and you want to ensure you get the most out of your retirement.