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Retirement Planning Advice

Are you retiring from something or to something?

Retirement is your time to enjoy financial freedom. We’re here to give you the confidence to make the most of it.

Book your free online meeting

Get structure and control

Planning for retirement can be daunting. Thinking about how you’re going to fund it and whether you’ll afford to do the things you want can be a worry.

But it doesn’t have to be.

Our unique Plan Happy process is all about removing these unknowns.

We’ll pull everything together in clear, simple plans to give you a sense of comfort and control. We’ll also look at the implications of any decision you make on your retirement dates, including scenarios for semi and early retirement.

Answer your questions

You may have a whole list of questions. Some may be technical and related to portfolio performance, but some could be as simple as:

Whatever your question, we’ve a friendly team of qualified advisers here to help answer all your questions and maybe some you haven’t thought of yet.

Discover what’s right for you

The word retirement means something different to everyone, what’s right for you probably won’t be right for someone else.

By helping you decide what you really want to do and how your finances can get you there, we can work out what sort of retirement is right for you. This could be anything from drawing down money when you need it, taking a guaranteed monthly income for the rest of your life or a combination of the two.

It’s all about discovering what's best for you.

Bring it all together

Rather than analyse your financial assets individually, so things like your pensions, annuities, ISAs, investments and savings, we do things differently.

By showing you how to best use your assets and tax wrappers to get the retirement lifestyle you want, we can then work together to achieve it.

It all starts with a chat

To find out what your future looks like, come and see us for a chat.

We’re conveniently located and able to help those in the following areas: Stockton on Tees, Darlington, Middlesbrough, Hartlepool, Durham, Newcastle and surrounding areas.

Tell us what you’re trying to achieve and what your concerns are, so we can find the best way to help you reach your goals. It’s just a quick call to book your free meeting. 

Book your free online meeting

FAQs Retirement Planning

An annuity is effectively an insurance policy you purchase using the money in your pension pot. It guarantees a monthly income for the rest of your life.

The main benefit is security as you’ll get a regular amount each month until you die. If you live longer than the insurance company predicts, they could end up paying you more than you originally paid in but if you die earlier, you could end up getting a lot less.

The downside is, if you do die early your annuity dies with you. However, there are some options, such as linking payments to inflation, getting paid earlier due to health issues, or paying a spouse’s income if you die.

Although, once these options have been chosen you can’t change them and they’ll affect the amount you get each month.

It’s important to research the market for the best rates and options before you go ahead with this.

If you’ve got a Defined Contribution pension you can usually take 25% of the pot value as a tax-free lump sum. However, this’ll impact your pot value and your future pension income.

If you’ve got a Defined Benefit pension it’ll depend on the rules of your scheme. Some have features that allow tax-free cash at certain ages and amounts, but again it will impact your future pension income.

Almost all pensions allow for a lump-sum withdrawal in some form. It’s also usual for around 25% to be available tax-free. However, there are some policies with different rules.

Whether you should take a lump-sum and how much this should be are all questions we’ll help you answer through supporting your personal goals and helping reduce tax liability.

Once you’ve taken any tax-free cash from your pension, it’s then subject to income tax at your marginal rate. This applies whether you take a regular income or draw it on an ad-hoc basis.

However, if your personal tax allowance is still available, you might not need to pay tax on your pension income. PAYE and tax codes can be complicated but don’t worry, we’ve lots of experience dealing with taxation and pensions.

Pension Calculator

This pensions calculator is a useful tool which can help you understand your future pension income.

Pension calculator

pensions calculator is a useful tool which can help you understand your future pension income.


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