In retirement

In 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 had a little money to invest. Mark chose the right investments for me and explained everything carefully. I am pleasantly surprised by the outcome!"

Veronica Tyrrell

A client since 2007

Worcester

30/01/2019

"Mark always explains in simple language the reasons for his recommendations and the investment objectives. We have confidence in his advice and have recommended his services to others."

David Bull

A client since 2014

Yateley

30/01/2019

"Mark has been my financial adviser for over 20 years. I wanted to start thinking about my long-term future when I had children. Mark listened to what we wanted to achieve, discussed and explained our options and supported us to implement our choices. Over the long term, we are in a much better place financially."

Jo Greenfield

A client since 2000

Basingstoke

30/01/2019

"Due to poor health, I decided to retire at 58 and asked Mark to develop my retirement plan. Mark provided a number of options for my retirement, and after discussing these with Mark we decided on and implemented the preferred course of action. "

Steve Smith

A client since 2017

Andover

30/01/2019

"I was looking for pensions advice and Mark was recommended to me by a friend. His advice was clear and informative; I have very little understanding of financial jargon and he was very patient and answered all my questions. He kept me informed of progress along the way and explained the best way to manage my pensions; which ones to leave as is, and which ones to transfer to a better scheme. I will certainly use him for any further financial advice in the future."

Stewart Coombs

A client since 2018

Andover

18/12/2018

"Having retired last June I needed Mark’s expertise on my best options and as usual he gave the best advice and guidance. We have used Mark as our financial adviser for more years than I can even think about. We trust him 100%."

Ken Bowden

A client since 1991

Basingstoke

01/05/2019

"Mark is really professional and took the time to thoroughly understand my financial position before advising me on my pension investments. In a complicated market I was grateful for the guidance."

Lisa Walsh

A client since 2016

Andover

01/04/2019

Reviews and Ratings for Financial adviser Mark Bastable, Salisbury