Search
Managing your retirement with confidence
Retirement planning doesn’t end when you stop working. As your retirement progresses, your income needs, investment priorities and personal circumstances may change, making regular reviews and ongoing planning increasingly important.
A structured approach to retirement planning can help you manage your retirement income more tax efficiently, review your investment strategy and adapt your financial plan as your circumstances evolve, helping ensure your finances continue to support your long-term goals and the lifestyle you desire.
Retirement income
Your retirement income may come from a combination of pensions, investments and savings. Managing these effectively can help support your day-to-day lifestyle while helping your finances remain sustainable over the longer term.
As part of your retirement planning, we can help you:
- Develop a sustainable approach to accessing your retirement income
- Review changing income requirements
- Consider ways to improve the tax efficiency of your pensions and investments
- Adjust your investment strategy as circumstances evolve
- Balance your current income needs with your long-term financial objectives
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.
Planning for later-life financial needs
Your financial priorities may change throughout retirement, particularly as later-life planning considerations become more important. Regularly reviewing your pensions, investments and wider financial plans can help ensure your finances continue to reflect your needs, your family circumstances and your longer-term objectives.
This may include considering later-life care costs, estate planning, inheritance tax planning and how you would like your wealth to be passed on to your loved ones and future generations.
By reviewing your plans regularly, you can make informed decisions as your circumstances and priorities evolve.
Reviewing your investment strategy in retirement
Retirement can last for several decades, which means your investments may still need to provide the potential for long-term growth while supporting your income requirements. Regular reviews can help ensure your investment strategy remains aligned with your objectives, attitude to risk and evolving financial needs.
This may involve adjusting how your asset allocation over time while maintaining the flexibility to respond to market conditions and changes in your lifestyle.
Speak to an adviser about retirement planning
Financial priorities often change throughout retirement, which is why ongoing advice and regular reviews remain important.
Speaking to a financial adviser can help you review your current financial position, assess whether your plans remain on track and make informed decisions as your circumstances evolve.
Our experienced advisers provide tailored retirement advice based on your current financial position, goals and long-term priorities.
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.
What our clients say
Harshit Mehta
“It was very easy to deal with our Partner at Foster Denovo during the entire remortgage process. They tried their best to get the remortgage completed in time and even helped escalate complaints we had with solicitors. I highly recommend Foster Denovo for financial and mortgage advice.”
James Hunt
“Feel very lucky to have the advice and expertise on offer, especially how much time was dedicated to our case. Having been supported through 3 applications and receiving excellent client service I would always recommend Foster Denovo.”
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
“Our Partner is a mortgage rock star.”
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”
Ava Dennie
“The whole process from beginning to end was seamless. We were kept informed by our consultant at all times, no matter the time of day. There were areas of anxiety but our consultant dealt with it all and ensured all queries were dealt with as soon as possible. Would highly recommend.”
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.”
You might like
Frequently asked questions
Why should I continue to take financial advice after I retire?
Retirement planning doesn’t end when you stop working. Your income needs, investment priorities and personal circumstances may continue to change throughout retirement.
Regular financial reviews can help ensure your retirement income continues to support your needs, your investments remain aligned with your goals, and your wider financial plans adapts as circumstances evolve.
How can I make my retirement savings last longer?
Managing your retirement income sustainably is an important part of long-term financial planning. This involves balancing withdrawals with the potential for investment growth, while considering inflation, taxation and future spending requirements.
Regular reviews can help ensure your retirement plan remains aligned with your changing needs and objectives.
Should I review my investment strategy in retirement?
Retirement can last for several decades, meaning your investments may still need to support both your income needs and the potential for long-term growth.
Reviewing your investment strategy regularly can help ensure it remains appropriate for your circumstances, attitude to risk and future plans, while allowing for changes in markets and your personal objectives over time.
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 throughout retirement.
By reviewing how income is taken and making use of available allowances, it may be possible to improve the tax efficiency of your retirement income. A financial adviser can help you consider how your income could be structured as part of your wider financial plan.
Should I plan for future care costs?
Later-life care costs may have a significant impact on your finances, so it’s often sensible to consider them as part of your wider retirement planning.
Building these potential costs into your long-term financial plan can help you prepare for different scenarios and ensure your finances remain aligned with your future needs and priorities.
How can I pass on wealth to my family?
Estate planning can help ensure your assets are passed on according to your wishes while considering the tax implications for you and your beneficiaries.
This may involve reviewing your pensions, investments and wider estate planning arrangements as part of your overall financial plan.
© Foster Denovo All Rights Reserved
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.