"There are a number of considerations to take into account in order for you to maintain your income during retirement. These could range from how you go about building up your personal pension savings to how you ultimately use the money."
One of the first factors to consider is selecting the right type of pension for your needs.
You may want to build up funds invested with a pension provider or alternatively you may want to be more pro-active in managing your money and opt for a Self-Invested Personal Pension (SIPP), which allows you to make your own investment decisions.
Whether your goal is to increase the investment returns on your retirement savings or to create a stable income for your retirement, our Private Banking and Advice Managers can help make the best decision for you.”
When it comes to retirement planning, the first step is to begin saving money for your eventual retirement. The most common way this is done is through investing in a pension scheme. Although there are a number of different pension options, they are all designed with the same basic goal: providing the saver with an income in retirement in the most tax efficient manner.
The Government provides a state pension at retirement age subject to National Insurance contributions paid over your lifetime.
There are two main types of workplace pension scheme:
Talk to us about how our expert service can help you with your aspirations and goals.
For access to advice from a Private Banking and Advice Manager, you’ll need at least £250,000 in savings, investments and/or personal pensions and/or a sole annual income of at least £250,000.
Before we provide you with any services or products, we will explain and agree with you what advice can be given, the products and services this advice covers and any charges that will apply.