Approaching Retirement

Retirement planning advice

Feel secure and confident approaching retirement.

Retirement should be filled with new and unique adventures. Our mission is to inspire you to make the most of every day in your retirement. We will be there for you now and when you retire to ensure you make the right decisions.

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Happy couple who have reached financial freedom in retirement.
Happy couple who have reached financial freedom in retirement.

Indulge in your golden years

These days, financial planning for retirement is more important than ever – because we are living longer, fuller lives than ever.

You may have 30 or 40 years ahead of you when you retire.  Of course, you’ll want the freedom to live the way you want to.

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Retirement planning advice for your peace of mind

How we can help you with financial planning for retirement

Of course, there are many different things to think about when planning your retirement, from taxes and gifting to inflation and expecting the unexpected. Here are a few specifics we consider when offering you retirement planning advice.

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Pension Clarity

Pensions are complex. With so many choices it’s essential to know how to navigate the wide range of options. There are drawdowns, annuities, you could take some pension now, some later... With our expert financial planning advice for retirement, we eliminate the guesswork.

We will review your current arrangements and build a plan to ensure your finances support the ambitions you have for your golden years.

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Retirement Funding

Your retirement could last decades. Using sophisticated financial modelling software, we show the impact different financial choices will have on your future – so you can make fully informed decisions. This helps answer questions like: When can I retire? How much money should I be saving for retirement? Should I consolidate my pensions? We offer tangible retirement planning advice and tools for making these important decisions.

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Retirement Lifestyle Planning

Retirement is just as much a lifestyle transition as it is a financial one. We understand that this is not an easy transition for everyone, so we make it our mission to be there for you.

You now have more choice and flexibility than ever before over how and when you take money from your pension. You’ll want to feel sure, however, that the decisions you are making produce the results you want now and down the line.

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Tax Efficiency

Ensuring your finances are structured in a tax-efficient way is key to growing your wealth. Your expert retirement planning adviser will make sure you’re making the most of your tax allowances and minimising the tax you need to pay. You can rest assured that your finances are in safe hands and feel untroubled as you approach a hassle-free retirement.

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Later Life Care

When retirement was invented, life expectancies were much shorter. Today, financial planning for retirement must consider that as you get older, you or your partner may need to go into care. Your financial plan will ensure that – whatever the future holds – your finances cater to your needs and that your well-being is looked after. We can also advise you on the best insurance cover for you and your family.

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Passing on Your Pension

As well as funding your retirement, pensions are a tax-efficient way of passing on your wealth. As part of our retirement planning advice, we make sure your pension is passed onto your loved ones in the event of your death. You can feel confident that any taxes due on your pension are minimised, and any tax burden passed on is reduced.

Trusted experts for your retirement planning advice

At Investment Quorum, we are proud that our financial planning advice has helped so many of our clients secure a comfortable retirement. Our clients value our fierce independence, meaningful results, and the strong relationships we develop with them over time.

Here’s what a few of them have to say about their experience with us:

“When IQ look at my finances, it makes me feel frankly, untroubled.”

“You get the opportunity to build a relationship with the team.”

“I wanted a retirement plan in place to maintain my standard of living.”
“I trust every single one of them implicitly with managing my money.”

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FAQs for retirement planning

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Why is retirement planning so important?

Retirement planning is crucial because we are living longer than ever before. Without proper planning, you may run out of money to cover your living expenses, healthcare, and other costs. Planning ahead can help you manage these expenses and give you peace of mind, ensuring a comfortable retirement.

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When should I start planning for my retirement?

It's best to start financial planning for retirement as soon as possible. This gives you more time to save and invest and to take advantage of compound interest. However, it's never too late to start, and even small contributions can make a difference. We can offer you customised retirement planning advice specific to your situation.

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When can I afford to retire comfortably?

You can retire comfortably when you have enough savings or other sources of income to cover your living expenses and future costs, such as any later life care you may need. This varies from person to person and depends on factors such as your lifestyle, retirement goals, and expected outgoings. We use sophisticated cashflow modelling software to demonstrate how long your money is likely to last in retirement.

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What are the advantages of using Investment Quorum for retirement planning?

Investment Quorum is a fiercely independent boutique wealth management firm. That means that our advice on financial planning for retirement has one clear aim – helping you. We keep ahead of the curve with technology and back office efficiency, so we can focus on developing strong relationships with each of our clients. With our bespoke investment solutions, tax planning, guidance on pensions, and legacy planning services, you can trust us to deliver a comprehensive plan for meeting your personal financial goals.

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How much should I spend in retirement?

The amount you should spend in retirement depends on your individual circumstances and lifestyle. It's important to create a budget and spend within your means. We can help you develop a bespoke financial plan based on your retirement goals, expected outgoings and other sources of income.

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How do I withdraw an income from my pension?

Withdrawing funds from your pension can be complex and may vary depending on the type of plan you have. We can assist you in understanding your options and developing a withdrawal strategy that is both tax-efficient and tailored to your short and long-term needs.

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How can I maximise my retirement savings?

One way to maximise your retirement savings is to contribute regularly to your pension and take advantage of compound interest and available tax relief. We can also advise you on an investment strategy tailored to your risk tolerance and time horizon. As you near retirement, we may suggest shifting part of your wealth to a lower-risk strategy while leaving money you don't need for five or more years in a higher-risk strategy. A mixed portfolio gives you a level of protection while ensuring both your short- and long-term financial needs are met.

Important information

A pension is a long-term investment not normally accessible until age 55 (57 from April 2028). The value of your investments and any income derived from them can go down as well as up which would have an impact on the level of pension benefits available.