Tailored Retirement Planning and Implementation
At Plain Savings, we specialise in providing a full range of retirement planning and implementation services tailored to meet the needs of both new and existing clients.
Optimal Timing for Retirement Services
To maximise the benefits of our retirement services, we recommend engaging with us within 10 years of your anticipated retirement date. If you are further from retirement, our pension accumulation service may be more suitable until you reach this critical decade.
Personalised Retirement Date Planning
Choosing a retirement date is a personal decision. It may not coincide with receiving your state pension or the retirement date suggested by your existing pension plans. You may even consider retiring partially or adjusting the timeline based on your financial situation. Our services are designed to flexibly assess:
- Your ability to retire at your chosen time.
- The feasibility of retiring earlier or the necessity of delaying retirement based on your financial resources.
Comprehensive Review and Planning
Our retirement planning service includes a detailed three-part process:
1. Review of Current Status and Retirement Goals
- Complete evaluation of all available retirement resources, including pensions, ISAs, and state pensions.
- Assessment of your retirement aspirations, including desired retirement age and required income.
- Evaluation of the feasibility of your plans and the current positioning of your retirement resources.
2. Development of a Personalised Retirement Plan
- Creation of a flexible plan detailing required income levels, with a timeline that includes other income sources like state pensions.
- Consideration of inflation and taxation, especially in any drawdown arrangements.
- Selection of suitable retirement investments aligned with your retirement plan.
3. Annual Review of Your Retirement Plan
- Regular updates to reflect any changes in your circumstances or investment performance.
- Adjustments to ensure you remain on track to meet your retirement objectives.
Understanding the Costs
The cost of our retirement planning services varies based on the complexity of your existing arrangements, typically ranging from £300 to £1,200. Before starting any work, we provide a detailed fee estimate in writing. This transparency allows you to make an informed decision about utilising our services.
- Ongoing Costs: Should you choose to proceed, we will also outline any ongoing costs for annual reviews and adjustments to your plan.
Commitment to Your Retirement Success
At Plain Savings, our goal is to ensure you have a workable and adaptable retirement plan that meets your needs throughout your retirement. We are committed to providing you with ongoing support and guidance, allowing you to adjust your plan as needed to achieve your desired retirement lifestyle.
For further information or to schedule a consultation, please visit www.plainsavings.co.uk or contact our dedicated retirement planning team.