Wealth in Retirement
Once you have reached retirement, you may be looking forward to living life no longer constrained by the world of work. Some areas to consider are:-
- Ensuring you have sufficient income for your expected lifetime and the lifestyle you wish to live in retirement
- Whether you prefer flexibility, certainty or guarantees in your future income
- New legislation offers many more choices about how you can take your pension
- Pensions can be passed to future generations, normally free of inheritance tax
By using different financial product types you can minimise or even eliminate tax in retirement.
At Generation Wealth Ltd, we have the qualifications and Financial Conduct Authority permissions to advise you on any UK pension schemes you have.
One in three people will need some sort of care and over 40% will end up paying for care themselves.
Residential Care typically costs between £30,000 and £50,000 per annum.
At Generation Wealth Ltd we also have the qualifications and Financial Conduct Authority permissions to advise on how best to fund the cost of care.
We can help you with all of the above common aspects of managing your wealth in retirement, and more.
The Financial Conduct Authority does not regulate Inheritance Tax Planning.