Every year, you’ll receive a pension statement detailing the progress of your savings so far. It’s easy to stow this document away and forget about it, but actually, your pension statement contains useful information that should inform your financial planning.

Deciding when to retire is an important choice that should not be taken lightly. Though age is often seen as a determining factor, it’s worth considering other things too. From financial health to career satisfaction to family commitments, there are some key lifestyle signs to look out for that may suggest the time has come.

For many homeowners, paying off the mortgage is a key financial goal. If you have the savings to do so, overpaying a mortgage can offer numerous benefits, but there are things to consider. Paying off your mortgage is not the only option, and some might prefer to grow their wealth through targeted investments.

There are many moments in life when it’s worth getting some financial advice. Whether you’re going through a life transition or just want to take prudent action to protect your future, an independent financial advisor can guide you and help formulate a robust financial plan.

A good retirement plan should ensure you can live comfortably until the end of your life. However, if unforeseen events take a toll on your finances, or you need to make an unplanned-for purchase, you could find that your pension pot is no longer big enough. That’s where equity release comes in.

If you think retirement is on the horizon, it’s a good idea to start getting your finances in order. Leaving things too late can mean there’s not enough time to adjust your plan and achieve the lifestyle you want. A little financial preparation can mean the difference between a later life that works for you, and a later life that restricts your options.

The end of life isn’t something anyone wants to spend much time thinking about, but a lack of preparation can leave your loved ones with a hefty Inheritance Tax bill. Inheritance Tax, intended to redistribute the wealth of the super rich, has become something more and more of us have to deal with as a result of inflation and rising property prices. So, it’s important to get your head around the technicalities before it’s too late!

When it’s time to retire, we all want to make sure that we’ve got the right pension provision in place to fund our chosen lifestyle. But with so many different schemes out there, it can be tricky to figure out what’s right for you. Pension drawdown is a way of keeping your pension invested, whilst still accessing your money. That means your wealth will continue to grow whilst you go ahead and enjoy those golden years.