Retirement planning

Retirement is perhaps a slightly out-dated notion in the 21st century as many of us now make the choice about whether to work or how much to work, rather than that decision being taken for us by our employer.

For some people this freedom in respect of ‘retirement’ timing is a huge benefit, offering the chance to take up a second, more enjoyable career or maybe to start a business. Others may struggle to find a way to meet the financial commitments that retirement and more free time can bring.

At Evolve we help clients make sense of their retirement decisions and help them to determine whether their ideal retirement plan can be achieved. Retirement is therefore a key life stage and the cashflow planning exercise can be beneficial in determining whether financial independence can be maintained, in other words whether you have enough money.

We can also help people to make the right decisions about how to draw benefits from their various pensions, whether to take a Pension Commencement Lump Sum (formerly known as Tax Free Cash - perhaps it won't be tax free for ever) and whether to purchase an annuity or leave their pension fund invested. We will also ensure that any employer or state pension benefits are considered along with any other non-pension investments.

Once drawing benefits from pensions, we help our clients ensure their pension plans are appropriately and efficiently invested, so as to maintain their income for the future.

Overall we help people work out what retirement means to them and how they can make their retirement plans affordable.