Retirement Planning

Retirement is no longer confined to a fixed time in your life. Increasingly, people are choosing whether they will retire earlier or later than usual, or whether they will gradually ease into it.

Whenever and however you choose to retire, it is a time in your life that is best planned for well in advance.

We put you in control, giving you as much flexibility as possible.

We encourage our clients to think about the three stages of retirement planning:

Pre-retirement

It’s never too early to start thinking about retirement and getting accustomed to the discipline of saving which will reward you later in life.

The key to successful retirement planning is taking the right actions whilst working so that when you want to stop working, either completely or gradually, you have enough money to allow you to live the life you seek without the fear of running out. 

At retirement

Making the right choices (and there are many to consider) at the point you wish to retire is all important as some are irreversible.

We will help you navigate the range of complex options and recommend the right solution to meet your objectives in retirement.

In Retirement

Rules and regulations change, as do your requirements, and markets are sometimes volatile. Therefore, reviewing your choices on a regular basis to make sure you keep on track is essential.

Moreover, the solution put in place at retirement may be one that necessitates a regular check to ensure it continues to meet your needs.

Some people want to travel the world or take up a new hobby when they retire. Others see it as a perfect opportunity to volunteer with a local charity or start their own business. Whatever you are planning for the future, we can help you to make the most of your pension and other investments and achieve the retirement you want and deserve.

“If you can’t explain it simply, you don’t understand it well enough”

Albert Einstein

"A BIG PART OF FINANCIAL FREEDOM IS HAVING YOUR HEART AND MIND FREE FROM WORRY ABOUT THE WHAT-IFS OF LIFE"

SUZE ORMAN

"PLANNING IS BRINGING THE FUTURE INTO THE PRESENT SO THAT YOU CAN DO SOMETHING ABOUT IT NOW"

ALAN LAKEIN

“IT’S NOT HOW MUCH MONEY YOU MAKE, BUT HOW MUCH MONEY YOU KEEP, HOW HARD IT WORKS FOR YOU, AND HOW MANY GENERATIONS YOU KEEP IT FOR”

ROBERT KIYOSAKI

Pension Questions

Many clients come to us looking to find the answers to these questions on Pensions:

  • What is the difference between a defined contribution and defined benefit (or final salary) pension?
  • How much can you pay into a pension?
  • How long will my pension last?
  • Can I take all my pension at once?
  • What is the tapered annual allowance?
  • What is pension carry forward?
  • What is the lifetime allowance and how much is the tax charge for breaching it?
  • What are the tax benefits of pensions?
  • What are your options for taking an income from your pensions?
  • What happens to my pensions when I die?
  • Do you pay Inheritance Tax on pensions?

We can give you the answers to these, and many other questions that you may have in relation to Pensions and retirement saving. 

At Servo Private Wealth, we work with wealthy families, high net worth individuals and entrepreneurs as well as companies and charities to grow and protect the value of their, and their client’s wealth, over the long term.

Business Owners
People With Wealth
Professionals Advisers
Retirement Planning
Professionals & Senior Executives
Trustees

Retirement Planning

How much money will you need in retirement?

Our work together usually begins with a discussion about what you want your retirement to look like. Then we can calculate how much money you will need to achieve your goals. Using this, we can analyse your savings and outgoings to find out how long your money will last and whether you’re on track – or what you need to do to get there. We call this financial forecasting.

Retirement Planning

Saving towards your retirement

Saving for retirement is one of the most significant financial challenges faced by most people. Our team can give you advice in a number of areas:

  • Using your annual allowance, and navigating the complex tapered annual allowance for higher earners
  • Making extra pension contributions using pension carry forward
  • Assessing your pension against the lifetime allowance tax charge
  • Using other savings and investments, such as ISAs
  • Ensuring your savings are held in high-quality investments

Retirement Planning

Your investments

If you will be relying on investments held in your pension or other accounts for an income in retirement, it is especially important that your money works hard for you. Our investment professionals can make sure that it is by managing your investments for you. We also review your portfolio over time, ensuring it continues to reflect your needs and circumstances. This could be by reducing your level of investment risk as you get nearer to retirement or switching the focus of your portfolio to generating an income when you retire.

Retirement Planning

Taking an income

Retirement is no longer about simply saving into a pension and buying an annuity. After you reach age 55 we can help you to take an income in a way that suits your requirements while making the most of your various tax allowances. This could include taking pension lump sums, buying an annuity, selling parts of your investment portfolio and taking income from ISAs, dividends and cash savings. We can also show you how long your money should last and how much you can afford to spend each year, whilst also advising you on where to take income or capital to meet your needs.

Professionals & Senior Executives

Discretionary Portfolio & Fund Management

Whether you wish to invest directly in company shares or via pooled funds, we have access to a range of underlying investment services which can match your objectives and preferences.

Retirement Planning

Charges performance and risk analysis

Making your investments work for you: – understanding and managing risks and returns, maximising value from costs.

A third-party opinion and review costs nothing apart from a little piece of your time.