Surrey Homes | SH79 | August 2021 | Adding value to your property supplement inside

Planning your retirement can ensure you enjoy a
carefree life to the fullest in your latter years. Crucially,
understanding your current situation allows you to
plan and consider your options. Making correct decisions
at the right time impacts your future financial lifestyle.
The main areas to consider are:
RETIREMENT
How can I make sure
I have the Financial
Lifestyle I can enjoy
in retirement?
Chartered Financial Planner
Gary Jefferies explains...
• your retirement income needs
Analyse your future requirements when you expect to retire.
Such an assessment must be realistic and any underestimation
will be counterproductive and possibly foolhardy.
• How your retirement income will be generated
- Obtain projections of existing pension
funds at retirement date.
- Personal Pensions may generate less income than
expected. Indicatively, to receive £15,000 pension
income per year could require a pension fund value
of £425,000 (subject to personal circumstances).
- Those with Final Salary Pensions have
valuable guaranteed income.
- State Pension entitlement may provide £179.60
weekly from age 66-68, depending upon age. Check
your State Pension forecast at www.gov.uk
- Include all income for investments and possibly property.
“Partners
in Business,
Accountants
for Life”
We offer friendly, cost-effective
accountancy and business
services to individuals, as well
as to small and medium sized
owner-managed businesses.
Personal & Corporation Tax Advice
Accountancy Services | Back Office Support
Payroll & Workplace Pensions | VAT Preparation
Company Secretarial | Business Consultancy
Exit Planning
• Working past 65 (Full or part time)
Panoramic are a big advocate of this not only for substantial
financial benefits but also longevity of good health.
Visualising your financial future can allow you
to make informed strategic decisions. Options
for Improving Retirement Income include:
Pension Plans – Maximise contributions.
Flexibility on retirement – Phased retirement
can provide for an excellent transition.
ISAs – Possible tax-free income.
Buy-To-Lets – Rentals can bolster retirement income.
Equity Release – Ideally, this would be post 65, but could
supplement your net income to maintain lifestyle.
Gary Jefferies of Panoramic Wealth has been
advising clients both pre- and post- retirement
for over 30 years. panoramicwealth.co.uk
Contact us for a free,
no obligation consultation
01732 366077
admin@abmv.co.uk
www.abmv.co.uk
Company Number: 04979103 VAT Number 826288993
Registered Offi ce: 175 High Street, Tonbridge, Kent TN9 1BX
121 priceless-magazines.com
ABMV-WT231.indd 1 19/07/2021 10:01