You have reached the point at which you are about to retire.
Hopefully, by now, you have explored the different options available to support you through your life plans. If so, you need to ensure that the people managing your pension do what’s needed to move seamlessly into your new lifestyle.
Don’t worry if your plans aren’t complete; many people still have major decisions to make at this point and our financial advisers at People and Business have years of experience helping to guide people like yourself through this stage. We can explain the merits of the different options in plain English and help you to make the best decisions based on your personal circumstances.
Now is a great time to put a will in place or amend one previously made. This ensures that your estate goes to the people you want without unnecessary stress and delay. This sits alongside estate planning to ensure your beneficiaries are not burden with an unreasonable inheritance tax bill.
Lasting powers of attorney will ensure you are well looked after far into your later years. By naming attorneys, you are choosing people to make decisions on your behalf regarding your finances, care and support if you become unable to do so yourself. It’s important to make this decision while you can.
Financial advice at this stage will help you understand your options and make decisions that could impact on you for the rest of your life – contact us today. Click here