Calculate your retirement income and find out how much you need to enjoy a sustainable retirement.
Our retirement income calculator can show you how much income you can expect in retirement, based on your existing pensions, desired income, and any lump sums you need.
Download a clear and easy-to-understand report explaining how sustainable your retirement could be.
Calculate your retirement income and find out how much you need to enjoy a sustainable retirement.
Our retirement income calculator can show you how much income you can expect in retirement, based on your existing pensions, desired income, and any lump sums you need.
Download a clear and easy-to-understand report explaining how sustainable your retirement could be.
Making sure you have enough money through retirement is vital for supporting you and your family – however, knowing where to start can be challenging. Here at Hanson, we will help you understand the basics of retirement savings, planning and pension schemes so you can achieve a comfortable retirement.
Many factors, such as family circumstances, pension rules, and tax regulations, must be considered when planning for retirement. The good news is that whatever your financial situation and however you want to enjoy your retirement, at Hanson Independent Financial Services, we can help you set up bespoke arrangements that are right for your needs.
Making sure you have enough money through retirement is vital for supporting you and your family – however, knowing where to start can be challenging. Here at Hanson, we will help you understand the basics of retirement savings, planning and pension schemes so you can achieve a comfortable retirement.
Many factors, such as family circumstances, pension rules, and tax regulations, must be considered when planning for retirement. The good news is that whatever your financial situation and however you want to enjoy your retirement, at Hanson Independent Financial Services, we can help you set up bespoke arrangements that are right for your needs.
A Cash Equivalent Transfer Equivalent Value (CETV) determines the cash value of your current final salary pension scheme if you transfer out. It is not a value of your pension amount. It is not the equivalent of your pension fund. It’s essential to understand the difference.
Your defined benefit pension is an entitlement to income at your Normal Retirement Date. It is not a pot of money impacted by investment performance. A CETV is simply what the scheme offers you to give up that entitlement to income.
To get your CETV, you must contact your pension provider. To understand your potential transfer value, use our simple CETV calculator below. The value we provide is not an exact figure but a guide to what you could get.
If you would like to discuss your cash equivalent transfer value or have questions about transferring to a defined contribution scheme or SIPP. Please book a free consultation with one of our advisers.
Moving from your safeguarded pension to a more flexible private pension is only for some. You must seek professional financial advice to complete a defined benefit pension transfer. This CETV calculator and the additional information we provide do not constitute financial or other professional advice. Please consult an independent financial adviser to understand your options.
I found Sanjay particularly helpful and extremely patient: my options were spelled out in plain, jargon free English. Sanjay was not the first pensions advisor I had spoken to but he was the most straight forward and down to earth.
We take a comprehensive & personal approach to your retirement planning. We will evaluate your pension and other financial assets to determine how they can best support you in retirement. Also, we’ll make sure you take the necessary steps in the correct order since some decisions can have a lot of trouble with other areas of your financial planning.
I found Sanjay particularly helpful and extremely patient: my options were spelled out in plain, jargon free English. Sanjay was not the first pensions advisor I had spoken to but he was the most straight forward and down to earth.
We’ll work with you long-term to ensure that:
Your financial arrangements will provide the retirement you want
You are as tax efficient as possible and benefit from tax relief
You can change the details if you need to
You can carry on working and saving for as long as you like
Your plans help to manage inheritance tax and preserve your wealth for future generations.
Here at Hanson, we take a comprehensive & personal approach to your retirement planning. We will evaluate your pension and other financial assets to determine how they can best support you in retirement.
The first thing your financial planner will do with you is to look through all your pensions to check whether they fit for purpose, which includes finding out the following:
If your pensions are not professionally managed, it’s a good idea to learn how the funds are invested, whether this suits your financial objectives, how they’re performing, and what the costs are.
A professional adviser will review all your pension pots to give you a clearer picture and recommend ways to manage them going forward.
It’s important to get the full picture of how much you have and how much you’ll need, so you can understand what your options are.
Have you considered all of your retirement income options? In addition to your pension savings or state pension entitlement, your retirement income can come from other sources like Individual Savings Accounts (ISAs) or rental income from property you own.
Enjoy hassle-free retirement
You don’t have to worry about a thing–we’ve got you covered, from product selection to payments to your pension. You can trust that we have your best interests at heart.
If you’re coming up to retirement age, we can help. We’re retirement planning experts. We can help you retire feeling confident and prepared by giving you access to free planning support and specialist financial advice. The sooner you start your retirement planning, the more likely you will achieve your desired retirement lifestyle.