People about to retire
People About to Retire
For many of our clients who are within five years of retirement, their key concerns are whether they can stop working when they want to and have enough money to retire on. You may also have other concerns keeping you awake at night; perhaps you’re coming to the end of your mortgage, but unsure of what to do with the surplus income. Maybe your children have left home, but your caring responsibilities are switching to elderly relatives. Very often, we find that clients in the run-up to retirement have a pension pot, or several, but are wondering how they can have the lifestyle they want in retirement. What they all have in common is the desire to plan for tomorrow, whilst enjoying today!
How can we help?
We will:
- Assess your current financial situation and financial plan, if you have one
- Understand your goals and aspirations for the short term and the long term
- Formulate or adapt your existing financial plan to help you to achieve your goals
- Deliver the plan, managing the relevant paperwork and ensuring that it’s implemented as smoothly as possible
- Offer regular reviews of your situation and adapt your plan if necessary, ensuring that there’s a back-up plan for the unexpected!
With dedicated, one-to-one support from your adviser, we’ll support you during this exciting transition from working to retiring. We’ll give you the confidence to enjoy the lifestyle that you want to have in retirement.
Please remember that the value of investments, and any income from them can fall as well as rise, so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.
Relevant services
There are a number of ways you can convert your hard-earned pension fund into income. Typical options are: Flexible Access Drawdown (FAD), lifetime annuity, temporary annuity and enhanced annuity. The best option will often depend on these factors:
- The size of your pension fund
- Whether you already have other income generating assets
- The level of income you need
- Whether you have any dependents
- How you feel about investment-related risk
- Your state of health and life expectancy
With access to the entire market, we can provide a financial plan which will meet your individual retirement needs.
Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.
All clients want to know the best way to invest their money. However, the best approach is rarely simple, and has to be appropriate to the individual and their attitude to risk. Therefore, we undertake diligent research and present our advice in a concise, understandable way. We focus on recommending products and investment portfolios that have the following features:
- Performance is consistent with risk levels
- Charges which reflect value for money
- Tax efficiency
Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.
Helping you plan for today, tomorrow and the unexpected
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Mark’s advice to us as first-time buyers was invaluable. He was friendly, professional, always contactable and extremely efficient, providing advice about suitable mortgages, solicitor recommendations and life insurance policies. Would highly recommend!
I have known Mark for many years now. Throughout he has been trustworthy and very patient with my questions. Over the years my needs have changed but I can still rely on Mark to find the right product for me. I am very happy with his services.
What could Mark have done better? Can’t think of anything. What were the circumstances that caused you to initially look for an adviser? When I left a corporate company and needed to organise a private pension. How has Mark helped you? In every aspect of my private pension and savings. Have you seen the outcome you were hoping for? Yes absolutely. I would have made some bad choices without Mark’s advice
Mark has provided us with financial advice for many years with particular focus on pensions, ISAs and reducing our inheritance tax liability. We have no hesitation in recommending him.
Mark has been our financial adviser for several years and continues to offer an excellent level of guidance and support. Specifically, he has helped with mortgage and investment advice taking into consideration our long term retirement objectives. We continue to use Mark's services as he understands our financial circumstances and explains how best to achieve our future goals. The advice Mark provides continues to keep us informed and we feel he is always looking at the best strategies to help our investment grow.
I contacted Mark for advice for the best use of an inheritance and my retirement plans. Mark was very informative and explained my options clearly and thoroughly. He responds quickly to any questions and is very customer focused.
Rating & Summary: Overall 5* Advice 5* Service 5* Value 5* What could they have done better? We have been very satisfied with Mark & Templegate Financial Planning's advice so far and thus from our knowledge we cannot really point to any suggestions or improvements What were the circumstances that caused you to initially look for an adviser? Originally we took the opportunity of using Mark sometime ago to re-mortgage and invest some money which worked very well so later on when looking at forthcoming pensions and retirement in general Mark was a natural choice. How has Mark Bastable helped you? Mark has advised us on several Pensions and also our financial position for some time now and will do for the foreseeable future in trying to achieve the best balance for our retirement planning Have you seen the outcome you were hoping for? Mark had evaluated our positions and future aspirations before coming back with advice that should improve further on earlier investments going forward which is something very reassuring.
I highly recommend Mark Bastable. After a detailed Financial Review, he patiently explained my pension options and advised me on tax and inheritance implications. All my emails were promptly addressed, and his responses were clear and easy to understand.
I have been using Templegate Financial Planning Ltd for investment and pension advice many years. They have just advised and moved several pensions into a drawdown account for me, all the years working and paying pensions are now coming to fruition. There was a lot of research and work in moving the pensions over, Templegate kept me informed and guided me through all the documents needed. The use of a secure portal was used for for all the communiction, so I felt safe throughout the whole process. I trust the advice and impatiality of Templegate Financial Planning Ltd and will continue using their services into the future. Would we recommend using the services of Templegate Financial Planning Ltd? An unreservedly big Yes!!
“What could they have done better?” Nothing at this stage. “What were the circumstances that caused you to initially look for an adviser?” Reached my early 50’s having taken no financial advice, so initially looking for an initial health check on pensions and some investment advice going forward. I was keen to establish a ‘retirement plan’ with a realistic timetable to make some sensible financial decisions. “How has Mark Bastable helped you?” Pension transfers and fund advice. ISA selection and discussion on wider investment choices that are available. Informal advice around tax planning and given me some encouragement to think about IHT planning in years to come. “Have you seen the outcome you were hoping for?” Yes definitely. Marks advice has prompted me to finally start to think seriously about a retirement strategy and beyond.
Mark began advising my wife and me a few years ago, and we’ve been thoroughly satisfied and confident in both his advice, guidance and approach ever since. What stands out most is his ability to help us make sense of what is, to us, a very complex financial world. Our needs have mainly centred around general investments, pensions, and long-term planning. More recently, we inherited a range of offshore and onshore bonds spread across several investment houses. We had little idea what they truly comprised or how best to manage them. Mark went out of his way to produce a clear, thoughtful, and detailed report that broke everything down: what the bonds were, how they were structured, what actions we should consider, and the tax implications of each option. His ability to translate financial jargon into plain English made the whole process understandable and manageable. He has a personable, patient manner that makes conversations easy and productive. We always walk away feeling more informed and far more confident than we ever expected to. I’d happily recommend Mark to anyone looking for clear, trustworthy advice in the often-confusing world of finance.
I used advice from Templegate Financial Planning to prepare for retirement, move into drawdown, and recently to purchase an annuity. Mark proactively advised me as government legislation changed the financial landscape, making it desirable to reduce the size of my estate. He clearly laid out the various options. When I chose to purchase an annuity, I used his services to select the best provider and set it up. I have found Mark to be proactive, knowledgable and thorough, and his fees to be very reasonable.
I chose Templegate after managing my mother's estate via a large financial company for many years whose service was consistently underwhelming. Templegate's assessment of the financial position, and implementation of the changeover was quite complex and took quite a while to achieve, but I received a good personal service, thoroughly researched and at a lower cost than the previous company. I look forward to being able to receive personal advice for my mother's changing needs instead of a short annual telephone review that was offered under the previous company.
