Retirement Planning

At Clarendon, we can help you to maximise the benefits from a lifetime of saving so that your retirement is as secure, comfortable and fulfilling as possible.

We will work closely with you to understand your requirements and concerns. Pension arrangements are just one tax-efficient part of a complex whole, designed to give you the best possible retirement. As independent financial advisers, we can recommend financial solutions from a wide range of providers to find the most appropriate for your needs.

We have expertise in all types of pensions, including final-salary schemes, self-invested personal pensions (SIPPs) and benefits accrued under now-superseded legislation. Our pension advisers hold advanced qualifications which enable them to consider all aspects of retirement planning – a rarely-found level of expertise which cannot be provided without passing these examinations.

Whether you are looking for pension advice or seeking a wider, overall strategy, our advisers can guide you through a range of retirement income options to help you make an informed decision.

Pension Income Options

If you are planning to retire within the next few years, you may be wondering about the best way to provide an income in retirement. With the pension freedoms that came into effect in April 2015, there are more options than ever before, which require careful consideration and planning. These include:

• Annuity purchase
• Flexible access drawdown
• Generational planning
• Benefits for spouse/children/grandchildren upon death
• Making use of ISAs and other investments for providing income
• Personal and lifetime allowance

The most suitable option for you will depend on your personal circumstances, your attitude to risk and your retirement objectives. We are happy to offer you an initial consultation without cost or obligation and will then draw up a detailed plan for providing financial care. At Clarendon, we will take the time to understand your needs and concerns – and we will help you to understand the implications of any decisions you take.

Your retirement goals should ideally shape your financial decisions well in advance of your retirement date. It is worth talking to us about your objectives even if you feel that retirement is still a long way in the future.