Pensions & Retirement
Securing a good retirement lifestyle for clients.
Expert Retirement and Pension Advice
When you envision your future, what kind of life do you see during “life after work”? At Hanson Financial Services, we understand the importance of turning those dreams into a reality. Our team of experts can guide you towards achieving your retirement goals, potentially even allowing you to retire early.
Retirement planning is a complex aspect of financial management, and it’s natural to be unsure about your current and future retirement position, especially with ever-changing legislation. That’s why seeking retirement advice is crucial for making the best decisions that will shape your future.
Our clients often express surprise and satisfaction when we review their financial plan and unveil options they never thought possible. It’s possible that you can retire earlier than you imagined, or there may be investment opportunities or pension transfers that could significantly boost your pension pot in the future. Our team can provide the insight and analysis you need to make informed decisions that benefit you, your family, and your future.
Our Expertise: Retirement and Pension Advice
Understanding your retirement options and retirement income is vital for determining your retirement timeline. We can assist you in navigating the complexities of various pension schemes, including when you can claim your state pension.
If you have accumulated pension pots from multiple jobs over the years, we can evaluate them and provide recommendations on how they can best serve you in retirement. This may involve transfers, consolidation, or other strategies. Exploring your pension options will help ensure a comfortable retirement and potentially even bring your retirement date closer.
Our Process: Guiding You Towards a Secure Retirement
- Understanding your goals: We begin by discussing your retirement strategy, goals, and current financial position, as well as where you aspire to be in the near future.
- Comprehensive analysis: Our team conducts a thorough assessment of your pensions and overall financial plan. We consider relevant legislation and your unique circumstances to provide insights into when you will be able to retire.
- Actionable recommendations: Based on our analysis, we present you with a clear and comprehensive set of recommendations. Our goal is to provide you with an actionable, easy-to-understand, and implementable plan.
- Ongoing portfolio review: We implement the recommended plan and regularly review your portfolio with you. This ensures that your investments and financial strategy continue to align with your long-term retirement goals.
Secure Your Retirement with Hanson Financial Services
Take control of your retirement today and turn your dreams into a reality. Hanson Financial Services is here to provide you with expert retirement and pension advice. With our guidance, you can make informed decisions that will shape a prosperous future for you and your loved ones. Contact us now to begin your journey towards a secure retirement.
Retirement Planning Services Tailored to Your Needs
At Hanson Financial Services, we offer a range of comprehensive retirement planning services designed to meet your specific needs and goals. Our team of experts is equipped to assist you with various aspects of retirement planning, including:
- Defined Benefit Pension Transfer: If you have a defined benefit pension, we can provide guidance on whether a transfer to a different pension scheme would be beneficial for your overall retirement strategy. Our team will analyse the potential advantages and disadvantages, taking into account factors such as investment flexibility, income options, and tax implications.
- Tax Planning: Effective tax planning is crucial for optimising your retirement income and preserving your wealth. We can help you navigate the complex tax landscape, identifying strategies to minimise your tax liabilities and maximise your after-tax retirement income. Our experts stay up to date with the latest tax regulations and can provide tailored advice based on your specific circumstances.
- Estate Planning: Planning for the future distribution of your assets is an essential part of retirement planning. Our team can guide you through the estate planning process, helping you create a comprehensive plan that ensures your wealth is passed on according to your wishes while reducing tax implications. We’ll work closely with you to establish trusts, draft wills, and explore other estate planning tools that align with your goals.
- Investment Management: Proper investment management is key to building and preserving your retirement wealth. Our experienced investment advisors will assess your risk tolerance, time horizon, and financial objectives to create a personalised investment strategy. We’ll help you diversify your portfolio, select suitable investment vehicles, and regularly monitor and adjust your investments to keep you on track toward your retirement goals.
- Retirement Income Planning: Determining how to generate a steady and sustainable income during retirement can be challenging. Our team will work with you to create a comprehensive retirement income plan that takes into account your various income sources, such as pensions, Social Security, and investments. We’ll help you optimise your retirement income while considering factors like inflation, market volatility, and longevity risks.
- Long-Term Care Planning: As part of retirement planning, it’s essential to consider the potential need for long-term care in the future. We can assist you in evaluating long-term care insurance options, developing contingency plans, and exploring strategies to protect your assets while ensuring access to quality care if required.
Partner with Hanson Financial Services for Your Retirement Needs
At Hanson Financial Services, we understand retirement planning is complex and multifaceted. With our comprehensive range of retirement planning services, including defined benefit pension transfer, tax planning, estate planning, investment management, retirement income planning, and long-term care planning, we can provide the expertise and guidance you need to secure a prosperous retirement.
Let our team of professionals work with you to develop a customized retirement plan tailored to your unique circumstances and aspirations. Contact us today to schedule a consultation and take the first step toward a fulfilling and financially secure retirement.
Frequently Asked Questions
This depends entirely on what kind of lifestyle you want to live and what pensions, savings and investments you currently have. Speaking to a financial advisor can help you work out where you are in relation to the kind of income you will want for your retirement, and how to get there.
Speaking to a financial advisor before you retire will help you establish what kind of income you will have, and will include both defined benefit and defined contribution pensions, as well as advice on how you can maximise these during your retirement to maintain the lifestyle you want.
Yes, we are regulated financial advisors and can give advice on whether or not you should transfer your defined benefit pension.
After an initial consultation, we will check state and private pensions to see what kind of income you will receive from these. We will also establish if you are in a position to receive benefits, help you track down lost pensions and give you advice on any personal pensions you may have.
Independent financial advisors (IFAs) who specialise in pensions, like here at Hanson Financial Services, are often the best choice for you to receive pension advice. Advice from IFAs will be tailored to your circumstances. All advice given by financial advisors here at Hanson Financial Services is explained to you without jargon, so you understand what the consequences will be for you and your future.
The main benefit of getting advice is to show you what possibilities are available for your circumstances. You may find that by getting regulated advice there are more options available to you than you had expected, which will leave you open to having a higher retirement income, securing you the lifestyle you want.
Other benefits include getting a plan to ensure all your goals and needs are met, both in the short and long term, as well as getting advice on the best decisions for choices that are difficult and complicated.
If you are asking yourself questions about what your retirement income will be, or whether you should consolidate your pension pots, getting advice can help with making these decisions.
Guidance provides you with information about what options are available to you but doesn’t make recommendations about what the best option for you is. This means that when you are offered free, impartial guidance, it is not the same as receiving advice from a pensions advisor as it will not tell you how you should proceed in order to make the most of what you currently have. If you want guidance rather than advice, we can offer that, or you can contact a charity like Pension Wise.
Advice is tailored to you and your circumstances and often comes with a plan that is created to meet your goals and needs, including a range of products that will help you. Another thing to consider is that advice is regulated, while guidance is not, so you will not receive any support from the Financial Conduct Authority if you have problems.
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