If you are approaching retirement and are wondering whether you have saved enough to be able to retire or if you are already retired but feel unsure how much you can spend and still be comfortable in the future, then our fixed fee retirement cash flow forecasting service could be perfect for you. It’s not a crystal ball but it is the next best thing!
Watch our one-minute video, or hover over the questions below for further information about how this service could give you more clarity and peace of mind about your financial future.
Alternatively, if you aren’t sure whether the Retirement Cash Flow Planning service is right for you, or if you think you might need advice, please don’t hesitate to contact us, we’d be happy to answer any questions you may have.
I’ve built up various sums in savings and/or have assets outside of pensions. What might my income look like in retirement?
You may have accumulated wealth through a combination of sources such as investment property, cash ISAs and other investments but you aren’t sure collectively how much they can provide in the future. Cash Flow forecasting can incorporate all of your capital assets and expected income such as the state pension and annuities, giving you a holistic picture of your financial position in retirement.
Knowing this information will help you to assess what standard of living you can expect to maintain. This can also help identify any shortfalls so that you can plan how to address these now.
I want to draw more from my pension now while I’m still in good health but am unsure how much I can take
This is one of the most common queries we receive. Typically, people in early-mid retirement spend more, as they may travel, move home, take up new hobbies or even return to education. Things that they did not have time to do before retirement. Retirement Cash Flow Planning was designed with this question in mind, taking into account all of your assets, income and using sensible assumptions about future variables we can help you establish what level of income can be generated to ensure that you can enjoy life now but still take care of ‘future you’.
I’m concerned that poor stock-market returns have changed the long-term outlook for my pension
An understandable concern, the withdrawals you make in drawdown when taken during periods of negative performance such as we have seen in 2020 and 2022 can cause a snowball effect known as ‘pound cost ravaging’ leading to further erosion of your capital.
Our cash flow software uses historic data ranging from 1992-2022 to provide an indication of how long-term variable stock-market returns for a given risk profile impact your pension sustainability. When combined with your current and expected future income withdrawals, we can establish whether you can withstand this typical investment pathway without running out of money. The knowledge you gain from this may inform your decisions around your investment strategy such as whether to alter the level of risk within your investments, adjust your income, or consider alternative methods of funding your retirement’. The forecast may even indicate that there is room in the budget to spend a little more!
Can I retire earlier?
Perhaps you would like to retire before the state pension age and are wondering if you have enough savings/assets/income to do so. Considering your assets, sources of income and using sensible assumptions about future variables, our software can clearly illustrate whether your retirement assets can sustainably facilitate this and if not, model viable alternatives.
Can I afford to increase my pension withdrawals in line with inflation?
The ongoing crisis in Ukraine and post-pandemic global supply shortages showed us all how quickly inflation can change from benign and predictable to corrosive to our standard of living, particularly for those living on a fixed income. If you want to establish whether your pension and savings could sustain inflation linked withdrawals, then this service is for you. The planning can also accommodate for the unexpected, such as an unexpected capital expense such or a prolonged period of high inflation.
Can I pay off my Mortgage early using my pension?
For many clients, the outstanding mortgage is a barrier to early retirement, and you may be considering using your pension tax free cash to pay off your mortgage. Whilst this service does not provide you with advice on the suitability of this action, it can model the financial implications of doing so, which can help you to make an informed decision. Where we feel that advice is needed, we will discuss advised services with you.
What is included and how much does it cost?
The cost for this service is £495+ VAT payable in advance. The service includes the retirement cash flow planning report, a 45-minute presentation meeting with a Chartered Financial Adviser, postal copies of the original report including any alternative scenarios modeled at your meeting, and a letter summarising the key points from the meeting.
All of our Advisers are qualified to Chartered level and hold advanced qualifications in pension planning. Whilst it is important to emphasise that the Retirement Cash Flow Planning service is not an advised service, the Financial Planner will be well placed to identify and highlight to you whether your situation warrants or would benefit from regulated financial advice.
Should you further decide to instruct us to provide you with retirement advice and implementation, this is a separate service and separately chargeable. However, we would be pleased to offset the full £495 + VAT fee you have already paid against any new fee agreed in respect of advising you on your retirement objectives.
How does it work?
When you click the ‘get started’ button this will direct you to our secure client portal where you can review the fee agreement and record the information we will need to build your personal cash flow plan. The information also includes a questionnaire to establish a your ‘attitude to risk’ profile.
Once you have uploaded your information and reviewed the terms and conditions, please click on the ‘pay now’ button to make payment.
Once payment has been received, one of our team will telephone you to confirm your requirements and next steps.
Once the plan has been built, (usually within five working days) we will contact you to arrange a zoom appointment with one of our independent and Chartered Financial Advisers.
At the meeting, the Adviser will deliver the presentation and explain the results, outcome and implications for you. The presentation is made using the cash flow software real-time, so that we can instantly illustrate the impact of any changes you’d like to make to the scenario, for example (drawing a different level of income or a using a different investment risk profile).
The Financial Planner will answer any questions or queries you have during the meeting.
A printed copy of each scenario, and an on-a-page summary will be sent to you post-meeting, so you can fully understand your plan and refer back to it over time.
Further questions?
Please see our FAQ’s which answers the most common questions, alternatively, please do not hesitate to get in touch with us directly on 01473 123456.
If you would like to proceed with the Retirement Cash Flow Planning service, please click the link below to get started and we look forward to speaking to you soon!
Pay and Continue
By clicking accept, you will be taken to our online payment portal which, when completed will redirect you to our personal fact find portal. The cost for this service is £495 + VAT.
Talk to a financial planner
Our experienced team of chartered financial advisers and planners will help with any financial planning issues or questions you may have.
You might be a high-paid individual looking to plan your financial future, or perhaps you’re already retired but seeking investment, inheritance and tax planning advice. Our experienced staff will guide you in making the most of your money.
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