The individual and group pensions market is an ever-changing world, especially with the introduction of the pensions freedom legislation, and it can be difficult to keep track of what options are available with regards to your retirement planning.
The word “retirement” for many people means reaping the benefits of a hard working life. This could mean relaxing at home and enjoying the new found time on your hands or travelling to exciting new places, all paid for by a hard earned accumulated pension.
For others however, the prospect of retirement may fill them with anxiety, even dread. It does not have to be that way though. Opus Wealth Management Ltd offers expertise and guidance to ensure you have the quality of life that you aspire to…even a means to retire at a younger age.
It’s all about planning and preparation. Regardless of your age, the time is always right to begin looking after your money. Planning your retirement early enough ensures you make a difference to the quality of later life you experience.
Setting goals and outlining priorities is critical to understanding how best to financially plan for your future. We take you through a journey to map out where you see yourself upon retirement and how you are going to achieve that successfully.
At Opus Wealth Management Ltd we advise you on the retirement options to prepare you for the day you retire and may wish to take income from your pension plan. Essentially there are a number of choices including taking a tax free lump sum and income, or taking a tax free lump sum and deferring the income until later in life, or taking the maximum income from your pension fund by not taking the available lump sum.
If you’re closing in on that milestone, it’s important to understand what’s involved in turning your retirement savings into retirement income.
Managing your retirement income is not as easy as withdrawing what you need when you need it. It’s about finding a balance between what you need now and what you’ll need in the future. In essence, it’s about planning to help ensure that you’ll have retirement income as long as you need it.
Making sure your retirement income lasts for the rest of your life is one of the most important aspects of managing your retirement income. That’s why it’s important for you to work closely with your Financial Adviser to calculate the income you need now and the income you’ll need in the future.
At Opus Wealth Management Ltd, we work alongside you to develop a strategy for managing your retirement income as well as analysing your investment portfolio every year, to help make sure your expected retirement income continues to meet your unique needs.
Whilst we tailor our advice for each individual client, our established procedures and ethos ensures the same consistently high level of advice throughout.
The choices are endless…you may decide to maximise income from existing investments, release capital out of your property and you may need to consider the funding of long term care in a residential nursing home.
Opus Wealth Management Ltd offer clear advice, delivered with integrity in the most tax efficient manner to do that.
When you retire, your retirement savings may be the primary source of your retirement income. We can offer you strategies and guidance to help successfully manage your income in retirement and preserve the wealth you’ve accumulated—for yourself and your heirs.
At the same time, carefully considered estate planning can help avoid unnecessary tax burdens and ensure that your assets are distributed to the people and organisations you care about most.
Opus Wealth Management Ltd can provide you with comprehensive investment advice, designed to make the most of your money. We spend time listening to you, to get enough personal and financial data to enable us to make the correct recommendations...
The individual and group pensions market is an ever-changing world, especially with the introduction of the pensions freedom legislation, and it can be difficult to keep track of what options are available with regards to your retirement planning...
At Opus many of our clients are either business owners or retired business owners. Over the years we have learned a lot about how business owners tick. Together with our many years of experience, we have gained specialist qualifications...
Effective Tax Planning can legitimately reduce the amount of tax you have to pay, thereby increasing your disposable income and/or the return on your savings and investments. Both Janet and Richard have specialist qualifications in tax planning...
Opus Wealth Management
286 Church Street,
Blackpool, FY1 3QA
Tel: 01253 595959
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