Pensions & Retirement

For some people, retirement can last almost as long as their working lives, which means it can have significant financial implications.

Making a plan for a long and prosperous retirement is very likely to involve investments in pensions.

Of course, there is much more to retirement planning than pensions. Your strategy should encompass all aspects to provide a robust and well-rounded retirement strategy.

The range of such strategies has never been wider and knowing which opportunities to take advantage of, and when, is crucial.

Pre-retirement

Building a retirement fund in the most tax efficient way requires careful planning. First, we work with you to create a realistic retirement plan:

  • When would you like to retire and what level of income will be needed?
  • What additional saving (if any) needs to be made and what can be afforded at this time?

Some clients are starting their retirement planning journey, although often they come to us with one or more existing pension pots which have been accumulated over time. We review each scheme in detail and provide recommendations on whether the funds should be retained or moved to an alternative arrangement.

Approaching Retirement

The last few years leading to retirement are often some of the most important. You may have accumulated significant pension and investment funds or perhaps be in a position to maximise your pension savings over your last few working years.

We can help you work out how much is ‘enough’ and exactly when you be able to fully retire or move to a part-time working basis. It will be important to look at what type of retirement income will best suit your circumstances and how your financial affairs should be ordered today to achieve this.

To turn your dreams to reality, now is the time to start detailed planning.

At Retirement and Beyond

The numerous choices of retirement plans and strategies can appear confusing. Getting the most out of your retirement options requires careful planning. Decisions taken today will influence your retirement income and wealth for the rest of your life and also potentially for the lives of your loved ones.

We are here to help you make the best decisions for your retirement planning. Through assessing your personal circumstances and your financial goals we will then make a recommendation that is personalised to you and to what you want to achieve with your retirement funds.

Pension Transfer Specialist & Gold Standard Practitioner

If you have a Defined Benefit Pension, we have the required experience and qualifications to help you decide what will best achieve your retirement objectives.

If this is the case and the Cash Equivalent Transfer Value (CETV) of your old pension is worth £30,000 or more, then the regulations stipulate you must get professional advice from a fully qualified Pension Transfer Specialist (PTS) who is authorised and regulated by the Financial Conduction Authority (FCA).

The Gold Standard is a voluntary code of good practice for Safeguarded and Defined Benefit Pension Transfer Advice, based around a set of principles.

Abacus Money Management Ltd are Defined Benefit Pension Transfer Specialists and have adopted the Personal Finance Society’s Pension Transfer Gold Standard initiative.