Retirement Planning

Many people are confused by the prospect of pensions, saving for retirement and later life planning. They are not clear if they should join their Workplace Pension Scheme or if they should make private pension arrangements, as well as the mysteries of ‘frozen’ pensions or contracting out and what are protected rights?! The present legislation surrounding pensions complicates matters further, even though it provides greater flexibility and choices (or maybe because it does!). Sometimes pensions may not always be the best way to save for your retirement and at the same time, you still need to consider how to pay this month’s bills.
At Brooks Wealth Management we will help to steer you through the minefield of pension planning and retirement saving by offering an informed and impartial pension advice service.

We understand that when you near retirement then the situation can become more urgent.

The changes in legislation have meant that retirement plans have become even more complex! For example, should you buy an Annuity? If so, should it be a fixed term Annuity, an ill-health Annuity, an enhanced Annuity, or a standard Annuity? Should it increase, should it be level, should you plan for your spouse in the Annuity? Should you make use of the more flexible options? What about UFPLS? How do these options fit into the pensions that you may have from work? Are the pensions from work offering you the best retirement plans? Should you take some of your pension pot as a lump sum, or 100% as an income, or should you move into some sort of drawdown arrangement?
We understand that none of these questions present easy answers to clients. But at Brooks Wealth Management we specialise in pension advice and retirement planning as well as later life planning (Inheritance Tax? Long-Term Care?) We can steer you through the myriad of choices to give you the information you need to make some of the most important decisions of your life.


Ask us how our cash flow modelling, in association with DEFAQTO, will help ensure that your retirement income lasts for your entire retirement.