People in retirement

Making the most of your retirement

You may have planned your finances very thoroughly and be having an enjoyable retirement as a result. However, even clients who have planned well can find themselves with complex requirements during retirement. You may be enjoying an active retirement whilst you’re in good health and want to make sure you have the funds to continue with it. Perhaps you’re slowing down and needing fewer funds as you age. On the other hand, deteriorating health may mean that you need to consider how you will fund your care. For many, it’s important to be able to pass on as much wealth as possible to their loved ones, both in life and death. As ever, we’re here to help you plan for today, tomorrow and the unexpected.

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, we’ll give you the confidence to continue to enjoy your retirement whilst you are still active. As things slow down, we’ll help to ensure that you have the funds in place for the care you need. And we’ll provide the peace of mind that comes with knowing you can pass on as much wealth as possible to your loved ones.

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

Equity release is a way of taking equity from your home using a lifetime mortgage. It can be an effective way to release funds to pay for care in later life, or to adapt your home so that it’s suitable for home care. The funds can also be used as a way to gift money to your children. It can even be a way of increasing your income, so that funds are released annually over time, instead of in one lump sum.This form of lending is most suitable for those over 65, however, it’s possible to do this if you are over 55. It is important to understand that these are lifetime mortgages. To understand their features and risks, you will need to have a personalised illustration. We have access to the whole of the market and provide unbiased advice, even if the best thing for you is to downsize to release equity.

Long-term care covers a variety of services which help people with a chronic illness or disability, who cannot care for themselves for long periods. For those who cannot care for themselves at home, residential care will need to be considered. According to Age UK, costs average around £600 a week for a care home place and more than £800 a week for a place in a nursing home. For many, this is a significant amount of money, and there is no way of knowing how long you will need to pay it for. You’re not obliged to get professional financial planning advice when choosing how to finance your long-term care. But in most cases, it’s crucial to do so as there are numerous options, including:

  • Pre-funded insurance
  • Immediate needs care plan
  • Care bonds
  • Equity release
  • Existing sources of income
  • Let property
  • Deferred care plans

We will recommend the best way to fund long-term care that is compatible with you and your family’s priorities. We can help with other areas such as finding professionals who can write your will, or set up a Power of Attorney.

Inheritance Tax (IHT) is the tax that is paid on the value of your estate on death if it exceeds a certain value. With careful planning, IHT can be considerably reduced or even removed completely so that your loved ones receive as much of your legacy as possible. There are various options available to you to reduce or remove IHT, including:

  • Gifting to reduce the value of your estate. This needs to be carefully managed so that you have sufficient money to live on
  • Trusts such as Discounted Gift Trusts, Loan Trusts and Reversionary Interest Trusts. Each type has various means of providing an income whilst reducing the value of your estate
  • Life assurance to ensure that funds are available to cover the IHT bill so that your beneficiaries receive the full estate

Naturally, this is a complex area which requires careful planning and advice from professionals, including solicitors and accountants. We will work closely with your chosen advisers or can recommend professionals to appoint.

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"I retired recently from many years working for HM Government, and thought long about the most prudent way to invest money from my pension lump sum. My attitude to risk has always erred on the side of caution, driven in no small part by horror stories of scams and the gullibility of others. My partner has invested in ISAs and share portfolios under guidance from Mark Bastable of Templegate, and so I met with Mark to explore options. I found Mark to be very personable, patient and professional in his approach to understand my concerns, Mark took the time to clarify aspects of my investment that were unclear to me. I decided to act similarly to my partner and invested in an ISA and a share portfolio; its early days yet but I look forward to meeting with Mark in future to review positive progress."

Maurice Bardsley

A client since 2019

Woking

16/12/2019

"Mark has been my adviser for 12 years now. He has continued to give good advice which is pertinent to my situation even though it has not been beneficial to him. I wish GPs and other professionals would be so willing to give advice! "

Veronica Tyrrell

A client since 2007

Worcester

03/09/2019

"Mark has been advising me on my pension investment since 2018, A professional service which inspires confidence with good advice regarding investment benefits, shortfalls and future expectations, I have seen positive investment performance, Mark is a friendly and patient person whom you feel you can trust and all is in hand."

Stewart Coombs

A client since 2018

Basingstoke

23/09/2019

"I contacted Mark because I needed Pension advice. After meeting with me and understanding my attitude to Risk Mark advised me on investing my 'Pension Pot'. The following year my attitude to risk had changed, I'm a bit closer to retirement age. Mark met with me and talked through the new investment plan he was advising me to move to. He took the time to talk through the potential benefits and risks of each part of the new plan. Mark also advised me of my options for when I decide to use my Pension savings. Some options I wasn't previously aware of. During our meetings I haven't felt rushed. I've felt comfortable asking questions that I felt would be common knowledge and that I should already know the answers to."

Roz Phillips

A client since 2017

Andover

17/01/2020

"Mark, has for many years provided us with sound financial advice with regard to investments into ISAs and personal pensions. I have no hesitation in recommending him to others."

Margaret Garrod

A client since 2005

Fleet

23/03/2020

"I have been investing via Mark for 5 years. During that time Mark has provided advice whenever needed, as well as a thorough review once a year. He has been particularly helpful during the present crisis and has been available quickly by phone and email."

Lew Fost

A client since 2015

Basingstoke

20/04/2020

"Mark Bastable has provided us with independent personal financial advice since approximately 2005 and has never failed to offer fair, thought through and balanced, opinion supported by well researched and accurate information and data. Beyond the quality and competency of his work I would fully recommend Mark to anyone who values the qualities of honesty, integrity, reliability and trust."

Chris & Rachel Holland

A client since 2005

Bramley

01/05/2020

"My wife and I have been receiving advice on investments from Mark for 5 years which he reviews on a yearly basis recommending adjustments when required. The subsequent performance has always been in line with expectations. We find Mark to be professional,open,honest and is always prepared to offer clear and understandable explanations. Even in this present difficult climate we retain faith in his advice."

Derek Binks

A client since 2015

Andover

06/05/2020

"Mark Bastable of Templegate has advised me on financial matters since 2004, initially for pension related issues and then savings. The pension advice has proved to be very advantageous to me and the savings have achieved the goals that I requested. I continue to use this service because I feel I can trust that Mark will always offer advice that is in my best interests. "

Peter Ansell

A client since 2004

Basingstoke

19/05/2020

Reviews and Ratings for Financial adviser Mark Bastable, Salisbury