Retirement Planning
Planning for retirement is about more than just saving – it’s about creating the lifestyle you want in the years ahead. Whether retirement is near or still some way off, taking control now can help you feel more confident about the future. We help you build a clear, realistic plan tailored to your goals, income needs, and peace of mind.
Why work with us?
Retirement planning is vital for ensuring that you can meet your goals for retirement, but it can be fairly easy to put off and worry about later. However, chances are that you don’t want to work forever and you may already have big ideas for how you want to spend your retirement.
The earlier in life you start planning the more likely you are to achieve the level of income you want and need in retirement. Failing to do so may result in you having to adjust your spending habits and accept that you may not be able to maintain your current living standards.
You may think the State will provide for you in retirement, however, most people would find it difficult to live on the State pension alone. The introduction of auto-enrolment and workplace pension legislation may have encouraged you to save more for your retirement, however, you should consider increasing the provisions you are making and ensure that the amount you are setting aside is aligned to your future needs.
Knowing exactly what you have and what your pensions can provide helps you understand your position and how it can be improved if needed.
Investing in a pension
Investing in personal or company pensions is an extremely tax-efficient way of saving for your retirement. There a several reasons for doing this, such as:
- Personal contributions receive basic rate tax relief at source and the funds grow free of tax.
- Higher and Additional rate taxpayers can claim further tax relief at their marginal rate.
- Company pension contributions for business owners and/or employees reduce corporation tax on profits and saves on National Insurance Contributions.
As you approach retirement, it is important to consider what provision you have in place, whether that be from pension funds built up through current and past employment or your own personal pensions.
Retirement Planning Guide
Are you nearing retirement but aren’t sure how to start planning? Download our free guide for pensions and investment advice.
Important questions to consider
What types of pensions do I have?
When do you want to retire?
How much do you need when you stop working?
What happens to my pensions on death?
How do I draw on my pensions when I decide to stop work and when can I access them?
Video series
Guaranteed Income
Are you considering purchasing a guaranteed income? These short videos cover important things you need to think about if you are considering buying an annuity.
Flexible Income
Are you approaching retirement and considering drawdown as a way of taking some or all of your pension benefits? These short videos cover important topics including flexibility, risk, death, dependents and tax.
Meet the team
Jonathan McDowall
Director
Ricky Clark
Director
Testimonials
I have had the pleasure of working with Henderson Loggie Financial Planning for the last 6 years. My initial enquiry was with respect to planning my retirement; my plans changed several times but Henderson Loggie Financial Planning handled it seamlessly making sure I had all the information I required to make the right decisions at the right time.
It is always a pleasure to talk to my adviser and, most importantly, I trust their judgment. I am always impressed with the professionalism of the wider Henderson Loggie Financial Planning team.
Ms C MacInnes