We can expect to spend 21 years in retirement according to recent UK statistics…

On average, men retire at 64 years and 6 months and women at 63 years and 8 months, according to the report Retirement Income Uncovered by Old Mutual Wealth. At these ages men and women can expect to be retired for 21 years or more and that means planning a pension income that will fund your retirement for that length of time!

Your retirement years should be a time to relax and really enjoy life – a period when you are able to devote more time to hobbies and spend time with your family and friends. Put simply, your pension has the power to make you happier because it can make the difference between just getting by in later life or a lifestyle packed with opportunities… Plus, it’s easier than you might think to make sure your pension is in great shape.

Maximising Your Pension Is Now In Your Hands…

With the new pension rules, the onus is on you to take responsibility for your pension and planning your retirement income. For this reason the government is incentivising people to invest in their pension with attractive tax breaks on contributions etc. In short, pensions have now become a glorified saving scheme.

If you are thinking about investing in your personal pension, it of course makes sense to start planning well in advance.  Alternatively, you might be thinking about using your pension in the near future… Read our Pensions Q & A or watch our video to learn more about how the government changes will affect your pension.

Whatever stage of life you are at, making the right decisions about your financial future can seem a daunting prospect. Harris Begley Financial Planning take pride in offering a personal service that takes your individual circumstances into account and can provide you with a free initial consultation to discuss your pension and plan for your retirement.

Contact us on 01736 366550 or email to book your free initial, no obligation appointment to see one of our pensions advisors.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

HM Revenue & Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.