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Later Life Advice

What is Later Life Advice?

Typically, for clients who are 'retired' who may need advice on estate planning, care fees, or advice on their pensions and investments. Our aim is to guide you safely through the complexities of later life, providing advice, information and solutions to all your later life financial needs.



Why is Later Life Advice so Important?

People are living longer and looking closer at their retirement and whether they'll have enough funds. Many people in later life have been as affected if not more by the current economic downturn as anyone else.

Managing your finances for later life is as important as it has ever been. We're here to help you manage the maze of options and products available to you.

You may need to spend some time considering retirement planning advice and we can help you do this.



Retirement Planning Advice for Later Life:

  • Downsizing - A smaller property with less maintenance costs that is more suited around your new lifestyle might make sound financial and practical sense.

  • Annuities - an annuity allows you to convert your pension savings into a regular, guaranteed income during your retirement. An annuity could assist you in enjoying your later life safe in the knowledge that you have regular payments each month to pay for your living costs.

  • Inheritance Tax Advice - Inheritance Tax Planning and quality Inheritance Tax advice could help you pay less tax on your estate. If there will be Inheritance Tax to pay once you've gone, then a good way to cut the amount of inheritance tax to be paid is to make the most of gifts and transfers.

  • Lasting power of attorney - it may be necessary to plan for passing on decisions about your finances to the people you love and trust the most. It will give you peace of mind if you are concerned about your future health or ability to make decisions for yourself. It's always a good idea to plan ahead.

  • Wills - it is prudent to look at your will to ensure that your estate is shared between loved ones in the way that you want.



    • Lasting powers of attorney are not regulated by the Financial Conduct Authority.

    Will writing, tax planning and trust advice are not regulated by the Financial Conduct Authority.

    Tax Treatment depends on the individual circumstances of each client and may be subject to change in the future.

    A Pension is a long term investment, the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and pensions and tax legislation.

    For more information (including residential property) www.gov.uk/guidance/capital-gains-tax-rates-and-allowances »