Retirement planning
We all have our own perspective on retirement. Whether it’s making the most of your hobbies, travelling the world, or simply spending more time with your family, it pays to think ahead about how you wish to enjoy your post-work years.
Post-work living
Will you make a century?
Reaching the age of 100 may seem a fanciful prospect but based on United Nations estimates, it’s a fast-growing age group. So how do you prepare for a financially secure future and ensure you have enough money to fund what could potentially be 30-40 years of post-work living? Faced with the vast array of financial options, our retirement planning service can provide a bespoke wealth plan that encompasses all your assets and positions your finances for drawing down your wealth to fund a long life well lived.
Get in touch today
Find out how we can help you. Call +44 (0)1624 645000 or email [email protected]
Drawdown
Using your accumulated savings and investments to fund the retirement you planned for
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The big transition
After years of saving and investing for your retirement, you’re suddenly faced with the prospect of drawing down on those savings as you ease into the world of post-work living.
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Creating a drawdown strategy
You may have accumulated investments, pensions, and savings throughout your working life but what is the best way to use them to fund your retirement? This phase in life is known as drawdown and it can be a daunting prospect. It’s where our retirement planning experts can help by creating a strategy that will fund the lifestyle you aspire to, while also protecting your capital and assets to ensure future growth.
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The big transition
After years of saving and investing for your retirement, you’re suddenly faced with the prospect of drawing down on those savings as you ease into the world of post-work living.
-
Creating a drawdown strategy
You may have accumulated investments, pensions, and savings throughout your working life but what is the best way to use them to fund your retirement? This phase in life is known as drawdown and it can be a daunting prospect. It’s where our retirement planning experts can help by creating a strategy that will fund the lifestyle you aspire to, while also protecting your capital and assets to ensure future growth.
Mitigating the risks
Regular reviews ensure you remain on track
The drawdown phase of retirement brings three new risks that should be considered. By regularly reviewing your wealth plan, you can help to mitigate these key risks and ensure you remain on track to enjoy the retirement you planned for.
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Inflation risk
Inflation erodes the value of money over time which is even more damaging once you’re retired. Inflation of 3% could devalue your money by 50% over 25 years.
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Longevity risk
With increasing life expectancy comes the real fear your money could run out before you do.
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Sequence of returns risk
Stock markets are unpredictable and a poor sequence of returns in early retirement coupled with regular withdrawals can have a severe impact on your retirement experience.
Frequently asked questions
Nedbank Private Wealth
How much do I need to retire on?
How much can I pay into a pension?
Do I pay tax on my pension withdrawals?
Should I combine my pensions into one?
Funding your lifestyle
Joined up wealth planning and investment advice
How you use your accumulated investments, pensions, and savings to fund your lifestyle right to the end is a question that can only be answered with joined up wealth planning and investment advice. In the drawdown phase, it’s important to withdraw funds in the most efficient way, which generally means taking from the least tax-efficient investments first and allowing your other investments to continue to grow.
Depending on your personal circumstances, your pension may be the last pot you should draw from as pensions can currently be passed to the next generation in the UK with no inheritance tax payable. As pension and taxation rules change frequently, we’ll regularly review your wealth plan to ensure it remains on track to meet your needs.
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Retirement - are you doing it right?
Our team of wealth planners are dedicated to ensuring our clients have a plan that works for their individual needs and circumstances in retirement.
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Importance of advice
An experienced wealth planner can ensure all your options are considered
Faced with so many retirement choices and pension freedoms, along with a new set of challenges and risks, professional financial advice and guidance has never been more important. Whether you’re looking ahead to retirement, about to retire, or are already a retiree, our experienced wealth planners will advise on the best way to achieve the retirement you aspire to. We listen to what’s important to you and seek to understand your financial and life goals over the short, medium, and long term, as well as anticipate any future hurdles.
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Read about more clients we have helped
We have helped countless clients with their financial needs – some straightforward, some complex. Our bespoke approach, where we really get to know our clients, allows us to offer solutions that other wealth planners and private banks aren’t able to.
Sustaining income after a divorce
Set for retirement
Start planning early
Relocating to the UK
Get in touch today
Find out how we can help you. Call +44 (0)1624 645000 or email [email protected]
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Meet our team of dedicated professionals
Our teams are highly skilled and will help to understand your needs, giving you access to proactive help and efficiency through a single point of contact.
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Frequently asked questions