Retirement Pensions
In order to make the most out of your retirement, it is important to have suitable pensions in place to support you in your later life. Retirement planning from Rosewood Wealth Management puts you firmly in control of your future. Our expert advisors will help you to decide how to most effectively maximise your retirement products, including any pensions, to help provide a lasting retirement income.
Looking to maximise your pensions for retirement?
Whatever your retirement aspirations, let Rosewood’s knowledgeable advisors guide you through your options. By considering your lifestyle, financial commitments and future plans, we can tailor our financial advice to create a bespoke retirement strategy. After reviewing your future goals, we can help you to work out how much money you’ll need to support you during retirement and the most appropriate approach to do so.
Skilled pension advisors
If you’re looking to retire soon, Rosewood’s skilled advisors can help you discuss all the options available to you which may include flexi-access drawdown or annuities. As Independent Financial Advisors, we have access to pension providers across the whole market. This unrestricted access enables us to find the most appropriate deal to meet your unique needs.
Got a question about your pension?
Contact Rosewood today.
A pension is a long term investment. The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Pension income could also be affected by interest rates at the time benefits are taken.
Pension savings are at risk of being eroded by inflation.
The tax treatment of pensions in general and tax implications of pension withdrawals will be based on individual circumstances, tax legislation and regulation, which are subject to change in the future.
Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means tested benefits.
Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.
F.A.Q.s
Frequently asked questions
What is a pension?
A pension is a tax-efficient way of saving money to use during retirement. There are a few different types of pensions, including a workplace pension, personal pension and state pension. Throughout your working life, it is important to contribute to a pension to secure your future income.
How much do I need in my pension?
The amount you need in your pension is entirely dependent on your unique circumstances. An Independent Financial Advisor can estimate the amount you need to fulfil your retirement goals by assessing your income and expenditure and understanding your future personal and financial goals.
How do I start withdrawing from my pension?
If you’re aged 55 and over (rising to 57 in 2028), you can start accessing your pension. Before withdrawing any money, it is important to speak with an Independent Financial Advisor to talk through the most suitable access method for you. You can take up to 25% as tax free cash, but the rest will be subject to tax at your marginal rate.
Depending on what is best for you and your specific circumstances, we can talk you through all available access options before actioning your preferred withdrawal method. This could include taking a lump sum, receiving monthly payments, or a combination of methods.
Have you planned for your retirement?
Retirement planning from Rosewood considers not just your current and predicted financial situation, but also your personal aspirations. We consider the short-term and long-term impact of your retirement options, recommending only the most suitable products to meet your unique needs.