In – Retirement: Greater freedom
You may need help to think through?
- keeping the plan fit for purpose applying any flexibility you need around your income needs
- incorporating your state pension
- drawing income from your pension pot tax efficiently
- ensuring your money doesn’t run out throughout retirement
- planning for any future expenditure
- thinking about when to delegate financial control
- planning funeral expenses
- making plans to pass on wealth tax efficiently
In – Retirement: Slowdown
You may need help to think through?
- reviewing your income and ensuring it still won’t run out
- drawing your income tax efficiently from your remaining pension pot
- finalising any estate planning to ensure it is tax efficient
- making allowance for potential care costs
- planning for later life by thinking about who you might delegate financial decision making too on your behalf
In – Retirement: Later life
You may need help to think through?
- ensuring any increased income needs can be met from your savings
- finalising and implementing any planning choices around care
- seeing the positive impact of legacy and estate planning by passing wealth on to your family if appropriate
- potentially releasing further income from your home to fund care costs.