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Wealth Planning Advice for Private Clients

Retirement Planning

For a wealthier retirement it’s vital that you have a plan.

Longevity has become an issue for all of us. With so many of us living far longer than our forebears ever expected to, it's possible that many will live longer in retirement than they ever spent working; and with the long term future of the State Old Age Pension Scheme looking increasingly uncertain, our view is that planning for your retirement is one of the most important things you can do with your money. We believe that your retirement date is not merely the date that you finish work, it is the date when somebody else stops paying you and you start paying yourself. The success of your retirement planning will dictate how much you will receive each month and, just as importantly, for how long.

However, having a pension scheme in place, whether it's your own, one provided by your employer or a combination of the two is only the beginning. We take the view that effective retirement planning is not a blinkered, one policy process but combines all facets of financial planning including  protection, savings, investment planning, property planning, medical insurance, annuity purchase, inheritance and, of course, pension planning.

The amounts of money one needs to contribute towards retirement can sometimes seem daunting and success requires holistic, focused and regularly reviewed wealth planning; often from the day you start work. But all of this must be tempered with the requirements of the 'here and now'; a balance between the enjoyments of the present and planning for the future must always be found.

Our Wealth Planners are able to guide you on choosing a retirement plan to meet your individual needs, holding your hand through the wide array of avenues and structures available, from the straight-forward to the sophisticated.

We have the technical skills to be able to provide a comprehensive review service for any existing pension arrangements you hold as well, so you can be sure that all of your retirement savings are working for you and that you are not suffering as a result of either excessive charging or inappropriate asset allocation based on an unsuitable exposure to risk.

When it comes to your retirement planning, doing nothing is probably the worst decision you can make.

To discuss your retirement planning in detail click on the contact us box to the right to arrange an appointment with a Sanlam Wealth Planner.

All investments carry risk, although the amount of risk, or the type of risk may vary considerably.  For example, the risk may be that the value of your investment fails to keep pace with inflation, or that in trying to achieve growth in excess of inflation, the value of your investment can both rise and fall. Depending on the type of investment made, you may lose some, or all of your capital.
 
We would recommend that you only take as much investment risk as necessary to achieve your financial objectives; but never more than you are comfortable with.
 
Any tax treatment is dependent upon individual client circumstances and may be subject to change. The Financial Conduct Authority (FCA) does not regulate taxation and trust advice or legal advice. 

Investing involves risk and the value of investments and the income from them may fall as well as rise and are not guaranteed. Investors may not get back the original amount invested.