Professional Financial Advice

Later Life Advice

When approaching, or in your retirement and later life years, your main financial concern is likely to be whether you have enough financial provisions to support you, and your loved ones, both throughout your retirement journey and in the event of any later life financial needs.

Later Life advice can be especially useful for clients who are 'retired' who may need advice on estate planning, care fees, equity release or advice on their pensions and investments. Our aim is to simply guide you safely through the complexities of later life, providing advice, information and solutions to any of your later life financial needs.

If you are wondering whether you have sufficient savings or how long your finances will last. Get in touch, we can advise you on how to best manage your wealth to suit your lifestyle and longer term goals, by discussing a plan that best suits your needs.

Why can Later Life Advice be so Important?

People are living longer and looking more closely at their retirement and whether they will have sufficient funds. Many older people have been affected by issues such as low returns on investments and have seen the values of their savings diminish as care costs soar.

Managing your finances for later life is as important as it has ever been. We're here to guide you through the maze of options and products available to you.

You may need to spend some time considering retirement planning advice and we can help you do this.

Retirement Planning Advice for Later Life:

Equity Release - if you are a homeowner and aged 55 or over you can use your home, as a way to boost your income in retirement. You can do this by releasing the equity locked in your property and releasing it as a lump sum.
To understand the features and risks of an Equity Release Scheme please ask for a personalised illustration.

Downsizing - A smaller property with less maintenance costs that is more suited around your new lifestyle might make sound financial and practical sense.

Annuities - an annuity allows you to convert your pension savings into a regular, guaranteed income during your retirement. An annuity could assist you in enjoying your later life safe in the knowledge that you have regular payments each month to pay for your living costs.

Inheritance Tax Advice - Inheritance Tax Planning and quality Inheritance Tax advice could help you pay less tax on your estate. If there will be Inheritance Tax to pay once you've gone, then a good way to cut the amount of inheritance tax to be paid is to make the most of gifts and transfers.

Lasting power of attorney - it may be necessary to plan for passing on decisions about your finances to the people you love and trust the most. It will give you peace of mind if you are concerned about your future health or ability to make decisions for yourself. It's always a good idea to plan ahead.

Wills - it is prudent to look at your will to ensure that your estate is shared between loved ones in the way that you want.

Lasting powers of attorney are not regulated by the Financial Conduct Authority.

Will writing, tax planning and trust advice are not regulated by the Financial Conduct Authority.

Tax Treatment depends on the individual circumstances of each client and may be subject to change in the future.

A Pension is a long term investment, the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and pensions and tax legislation.