Planning your retirement pension in the new world of work
Not long ago, work meant a 9-to-5 role, probably spent with the same employer and ending abruptly when you reached retirement age. Things are very different today. People tend to move jobs more frequently and many more of us are self-employed, thanks to the rise of the gig economy.
Those past State Pension age are much more likely to still be in employment, perhaps choosing to work less hours or even embark on a new career. Equally, the change in pension rules that came into effect in 2015 means that if you want to retire at 55, you can do so. Thanks also to strides in modern medicine, many can look forward to a retirement that could last a good few decades. Taking control of your future Whatever your stage of working life, we believe it’s never been as important as it is now, to take professional advice about your pension. To enjoy a comfortable retirement, especially if you plan to retire early, you need to have saved enough to make this a reality. The tax breaks available.
Planning your retirement pension in the new world of work on pension contributions (subject to the Annual and Lifetime Allowances) act as a clear incentive to save as much as you can comfortably afford.
Know your numbers !
Review your pension arrangements with us will help keep your plans on track, as will drawing up a budget of your likely income needs in retirement.