Pre-retirement
Achieve financial confidence as you approach retirement
Retirement is first and foremost a lifestyle transition. That’s why we start by thinking about your lifestyle and what you want it to look like.
Identifying what you want from the years ahead allows you to plan how much money you will need, identify when you’ve got enough in the pot to start your retirement and what you’ll need to save or can afford to spend. We’ll help you understand how long your money will need to last when you retire, and how your financial requirements are likely to change as you grow older, all of which will help you feel both financially and emotionally ready for the transition when it comes.
How we help
You may have questions about when you should retire, what your income needs will be in retirement and what you should do with your pensions. We are here to help provide answers and give you the tools you need to make decisions that are right for you.
We’ll use cashflow planning technology to illustrate how well you are financially prepared for retirement with your current arrangements. We will also make recommendations where our analysis shows you how you could improve your financial outcomes with a change of arrangements.
Our clients often ask us…
Will I have enough money in retirement?
It’s the question we get asked most frequently and it’s a question that we answer with, “enough for what?” We’ll help you explore what you want from your freedom years, identify the lifestyle you’d like to live and then tell you whether you will have enough in your retirement pot to achieve them. Crucially, if your current arrangements aren’t on track to deliver the retirement you want, we’ll help you build a plan to bridge the gap.
When can I afford to retire?
Early retirement – whether that means leaving work completely, or cutting back to achieve a more manageable and healthy work-life balance – is the dream for many. With the help of cutting-edge cashflow modelling technology, we’ll tell you what’s possible and how you can get closer to your goals if your current arrangements aren’t getting you there fast enough.
What should I do with my pension(s)?
Should I take the tax-free lump sum or a higher guaranteed income? What should I do with the tax-free lump sum? Are my current pension arrangements going to be enough to meet my income needs in retirement? With so many options when it comes to pensions, it can be hard to know what to do for the best. That’s where our expertise helps. We’ll explain all your options to you and help you understand which is the right one for you.
I’ve inherited some money. What should I do with it?
Financial planning enables you to make the most of your money. By taking the time to understand the things that are important to you – your specific concerns, priorites and objectives – and placing them in the context of your long-term aspirations, we can help you to make the best possible financial decisions following an inheritance, bonus or lump sum payout.
Am I paying more tax than I need to? Could I structure my finances more tax-efficiently?
As part of a multi-disciplinary practice, our in-house tax experts are on hand to share their expertise on ensuring you make the most of all the various tax allowances and reliefs available to you.
Can you help me build and manage an investment portfolio?
If investing is the right course of action for you, we’ll guide you through your investment options, help you understand the level of risk you are comfortable with, and work with you to ensure those investments stay on track to help you achieve your goals.
Video library
We’ve produced the following videos to help you better understand some of the financial issues around retirement.
Contact us
CBW Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. FCA registered number is 182357. Registered in England. Registered number is 3224548. Registered office is 10 Lower Thames Street, London, EC3R 6AF. CBW Financial Planning Limited is a related business of CBW 2022 LLP. The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk. The value of investments and the income from them can fall as well as rise. You may get back less than you originally invested. Past performance is not a reliable indicator of future results.
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