Speak to an adviser
0116 253 5600

Early Retirement

estate-planning

Are you thinking of retiring early, reducing your hours or doing some consultancy?

If you would you like to ascertain whether it is financially viable to do so, you could benefit from the professional and impartial advice provided by our specialist Independent Financial Advisers.

We will analyse your current circumstances and formulate the most tax-efficient and competitive solution, tailored to you and your family’s needs.

Call us now on 0116 253 5600 to speak to a qualified adviser in confidence and with no obligation, or complete the enquiry form.

As legislation stands, you cannot take anything out of your pensions until the age of 55. The only exceptions being if you are in serious ill-health, or if your pension is related to certain occupations, such as sportsmen.

However, retiring doesn’t necessarily mean taking an income and/or lump sum from your pensions.  It is entirely possible to generate a tax-efficient income from your other savings, even whilst mitigating investment risk.

For pension assets, you may wish to consider purchasing an Annuity or going into an Income Drawdown arrangement.  You may however be better off leaving your pensions uncrystallised until you are older and can benefit from a higher level of income.

For non-pension assets, there are various ways of taking an income in a tax-efficient manner, whilst still maintaining the capital.  You may even wish to consider releasing equity from a property.

Retirement planning, pensions and investments are highly complex areas of financial planning.  Bankfield’s experienced advisers are highly qualified in pensions, investments, trusts and taxation to ensure you receive the very best and most up to date service.