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Prepare for your retirement with confidence
As you approach retirement, it’s important to understand how your pensions, savings and investments could work together to provide the income you need for the lifestyle you want. The decisions you make now can influence your future financial security and long-term plans.
With careful retirement planning and professional retirement advice, you can gain a clearer understanding of your future income, make informed decisions about how you access your wealth and create a financial plan that supports your goals throughout retirement.
Managing tax efficiently in retirement
Carefully using your available tax allowances may help improve the tax efficiency of your retirement income. Looking at your pensions, investments and savings together can help ensure your finances are structured to support your long-term objectives.
How and when you access your pension can have a significant impact on the amount of tax you pay. Carefully planning withdrawals may help mitigate unnecessary tax and keep your income aligned with your wider financial plan, while allowing any remaining pension investments the opportunity to continue growing.
A joined-up approach to retirement planning may help mitigate unnecessary tax and preserve more of your wealth over time. This may include making use of ISA allowances, reviewing investment strategies and considering how income is taken across different assets.
Retirement planning should evolve alongside your circumstances and priorities. Regular reviews help ensure your plan continues to support your goals, while giving you the opportunity to adapt to changes in income needs, legislation or lifestyle over time.
Meet the team
Preparing for retirement can involve important decisions around your pensions, investments, tax position and long-term income. Speaking to a financial adviser can help bring greater clarity to your options and ensure your plans remain aligned with your goals.
Our experienced advisers provide tailored retirement advice based on your circumstances, helping you navigate the decisions ahead and prepare for retirement with greater confidence.
Understanding your retirement income options
Understanding the different ways you can access your pension is an important part of preparing for retirement.
There are several ways to access your pension as you move into retirement, including pension drawdown, annuities and lump sum withdrawals. Each option offers different levels of flexibility, security and long-term sustainability.
The right approach will depend on your personal circumstances, your income requirements and how you want your finances to support your lifestyle over time.
Through tailored retirement advice, we help you understand the options available to you and how they could affect your wider financial position, so you can make informed decisions with confidence.
How to plan for retirement in your 50s
Your 50s can be an ideal time to review your pensions, understand your retirement income and start exploring how you may access your savings in the future. Taking stock now can help you make informed decisions and feel more confident about the years ahead.
Starting your journey
If you’re ready to begin or just want to learn more about the tailored financial advice we provide, speak to our friendly team today.
Contact us 
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. 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.
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Harshit Mehta
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James Hunt
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Alison Field, Group HR Director, Briggs Equipment
“We are always very busy and so I appreciate that we can fully outsource our pensions and benefits admin including Group Life Assurance, Group Income Protection and Private Medical Insurance to the Secondsight team. And I can’t speak highly enough of you and your team.”
John Tyszkiewicz
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Thomas Edwards
“Process became difficult half way through so we had to sell a long time before buying the new property. Our Partners were fantastic from start to finish, kept me informed and chased all relevant parties immediately when needed. Literally faultless from my perspective.”
Sophie Whiteway
“Our Mortgage Partner was great- they touched base frequently without being overbearing during our house hunt. We waited a long time from offer acceptance to completion date and required a mortgage offer extension which was arranged without issue. My partner is self-employed so our Partner also ensured we had all the correct information and documents to gain mortgage approval. Would definitely recommend”
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Karen Morris
“My Partner is extremely friendly and explains any questions I have. They fully and competently guided me through the process and I have full confidence in their knowledge and understanding.”
James Garner
“Our Partner is amazing, what a credit to any team . House would never have gone through without her. They went the extra mile every day”
Alexander Elliott
“Our Partner was fantastic, they made the whole application process stress free and was very adaptable to our quite specific requirements when finding us a mortgage that suited our needs.”
Amanda Standish
“A professional and personalised service. Worked tirelessly to find a mortgage suitable for my needs. Provided sound knowledge and advice and always following data protection procedures.”
“David has been very helpful in developing a strategy for us, with wills and trusts being the main component as well as investment ideas and life insurances. He has always been very patient and has taken the time to explain all the intricacies of these financial vehicles.
You can imagine the quantity of documents that we had to handle over the period. Tireless Kirsty was the one who handled them… She made a very complex process much simpler for us.”
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Frequently asked questions
How much do I need to retire?
The amount you need for retirement will depend on a range of factors, including the lifestyle you desire, when you plan to stop working and how long your retirement may last.
Retirement planning helps you understand the level of income you may need and how your pensions, investments and savings could support yours goals over time. With a clear plan in place, you can assess whether you are on track and consider any adjustments that may help you achieve your retirement objectives.
Should I consolidate my pensions?
If you have built up multiple pension pots throughout your career, bringing them together could potentially make your retirement savings easier to manage.
However, some pensions include valuable guarantees, safeguard benefits or features that could be lost if you transfer them. Seeking pension advice can help ensure you understand the implications of any transfer before making a decision and that it supports your wider retirement plans.
What are my retirement income options?
There are several ways to access your pension as you move into retirement, including pension drawdown, annuities and lump sum withdrawals.
Each option offers different levels of flexibility, security and long-term sustainability. Retirement advice can help you understand the features and considerations of each option, and which approach may be appropriate based on your personal circumstances and objectives.
How can I make my retirement income more tax efficient?
The way you access your pensions, investments and savings can affect the amount of tax you may pay in retirement.
By planning your withdrawals carefully and making use of available allowances, it may be possible to improve the efficiency of your retirement income. Professional retirement advice can help you consider how your income is structured to support your current needs and long-term financial objectives.
Why should I speak to a retirement adviser?
Approaching retirement often involves important decisions around pensions, investments, tax and long-term income planning.
A retirement adviser can help you understand your options, consider the implications of different decisions and build a plan that’s tailored to your circunstances and goals. Regular advice can also help ensure your retirement plan continues to evolve as your needs and priorities change over time.
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Foster Denovo Limited is registered in England and Wales Reg No. 05970987. Registered office: Ruxley House, 2 Hamm Moor Lane, Addlestone, Surrey, KT15 2SA. Foster Denovo Limited is authorised and regulated by the Financial Conduct Authority. FCA Reg No. 462728. You can check this by visiting the Financial Services Register on the Financial Conduct Authority’s website: http://www.fca.org.uk/. The Financial Conduct Authority does not regulate taxation and trust advice and some aspects of buy-to-let mortgages. Some of the fees we charge may be subject to VAT, but we’ll let you know in advance if this is applicable. VAT No. 904 450 842. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. If you click on a link and leave the Foster Denovo website, we cannot be held responsible for the content of the external website.
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