WFI Financial

Retirement planning

Whatever your age, it's never too early to begin planning for your retirement.

WFI Financial LLP work with you to consider all the options, based on your needs and risk appetite. When people think pensions, they tend to think of traditional pension arrangements. Your income could also include rental payments, dividends from shares, Unit Trusts or NISAs, deposits, income from insurance bonds, or even trusts. As part of the financial planning process, it is our job to blend the savings vehicles that will yield the most efficient income in retirement.

Planning for your retirement is possibly the most important financial decision you will ever make. With life expectancy increasing year on year, we are now seeing the potential to spend almost as many years enjoying retirement as we have spent saving for it. Planning for it correctly will provide you with the standard of living you wish after you stop work.

One way of looking at this is to think about the number of paydays you have before you retire, and the number you hope to have afterwards. Imagine you start your pension planning when you're age 20, and you plan to retire when you're age 65. You have 540 paydays between starting your pension plan and retiring to achieve financial independence.

A PENSION IS A LONG-TERM INVESTMENT. THE FUND VALUE MAY FLUCTUATE AND CAN GO DOWN, WHICH WOULD HAVE AN IMPACT ON THE LEVEL OF PENSION BENEFITS AVAILABLE. YOUR PENSION INCOME COULD ALSO BE AFFECTED BY INTEREST RATES AT THE TIME YOU TAKE YOUR BENEFITS. THE TAX IMPLICATIONS OF PENSION WITHDRAWALS WILL BE BASED ON YOUR INDIVIDUAL CIRCUMSTANCES, TAX LEGISLATION AND REGULATION, WHICH ARE SUBJECT TO CHANGE IN THE FUTURE.

THE VALUE OF INVESTMENTS AND INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.

Financial News

Sheffield Office

WFI House,
2 Queens Road,
Sheffield, South Yorkshire S2 4DG

T: 0114 2758882
F: 0114 2758001
E: info@wfillp.co.uk

Derby Office

WFI House,
5 Brunel Business Park,
Brunel Parkway,
Pride Park DE24 8HR

T: 01332 296 222
F: 01332 296 333
E: derby@wfillp.co.uk

Lincoln Office

Greetwell Place, Limekiln Way,
Greetwell Road,
Lincoln LN2 4US

T: 01522 548 070
F: 01522 548 071
E: lincoln@wfillp.co.uk

Grimsby Office

27 Louth Road,
Scartho, Grimsby,
North East Lincolnshire
DN33 2ER

T: 01472 278 800
F: 01472 276 422
E: grimsby@wfillp.co.uk

London Office

11 Bruton Street,
London
W1J 6PY

T: 0203 763 5837
E: london@wfillp.co.uk