Head Office: 01858 469910 enquiries@cwbgroup.co.uk

Planning for Retirement

Planning for Retirement

Retirement takes many forms, and can happen all at once or can be phased out over a number of years. Whilst a very important part of a client’s retirement provision, traditional pensions now form only one part of an individual’s retirement plan.

While you are working

Our Cash Flow Analysis system will identify if you are on track to achieve the level of income you require at retirement or whether you need to increase the level of funding in order to ensure you are able to live comfortably when you retire. The plan will review all existing pension products you hold including private or company based schemes.

A consolidated investment strategy is vital and our plan will review the current pension portfolio and how it is being managed. Again working with our preferred investment partners, we will design an appropriate personalised pension investment portfolio linked to your agreed attitude towards risk.

The point you cease working completely or in part, and make your decisions for the future

There are huge choices available to the individual in addition to State Pension provision in the UK following the new pension freedom legislation that was introduced on the 6 April 2015. We will outline all pension options available to you and ensure that they are the most suitable to fit your retirement needs. There are a number of different ways in which to take your retirement benefits and these are:

  • Annuities
  • Enhanced Annuities
  • Flexi-Access Drawdown
  • Phased Flexi-Access Drawdown
  • Cash Withdrawal

We will assess your individual situation and agree a suitable strategy going forward, which as always will be reviewed annually using Cash Flow analysis and the Risk Profile analysis. Income Tax and Inheritance Tax considerations will always be considered when constructing any retirement provision and investment strategy.

Planning with CWB

How you manage assets and income for the rest of your life

Managing the amount of income withdrawals to be taken from your retirement portfolio is vital in retirement to ensure the longevity of your assets that you have spent so long building up during your working life, last for the remainder of your lifetime helping ensure you live the life you want to live in retirement, as well as staying within HMRC Income tax thresholds.

We will work with our clients by taking account of their income and expenditure and also all of their assets and liabilities during the cash flow analysis process to agree an annual level of income which is sustainable yet provides adequate provision to live comfortably.

As you get older however, circumstances may change and ill health may make an alternative strategy more appropriate as years go by. The annual review process will identify any major lifetime events and the CWB Financial Planner will then provide the relevant strategy.

Whether it is to request more information or send us some feedback, please do get in touch either by completing our Enquiry Form or contacting us on the details below.