The Benefits Of Seeing A Haven Independent Financial Advisor
When planning to retire there a few things to consider, including pensions, budgetingand paying for care. Haven Independent FinancialAdvisors can help you to plan for your retirement.
Haven Independent Financial Advisors are based in Cheshire and provide professional financial advice to companies as well as individuals in Altrincham, Cheshire and Manchester. Haven IFA are an independent company which allows them to offer non-biased advice on a broad range of financial matters including retirement and inheritance tax. Havens Independent Financial Advisors can help you realise your medium and long term aims through retirement.
Research has shown that when planning for retirement people underestimate the amount of time they will be retired for so tend to under budget. Haven IFA can help you to budget correctly for your retirement.
There are two ways of providing income during retirement and Haven IFA can advise you on with pension payment method is best for you. The first option is to choose an open market payment option. Choosing the open market option allows you to withdraw your pension fund and invest it with another pension provider, this has the potential to raise your income if you choose the right company. The other pension payment method is through annuities. Annuities can be bought as a lump sum payment using your pension fund when you begin retirement, once you have paid for an annuity you will receive a regular income for the rest of your retirement. Annuities are a secure way of guaranteeing you will always have some money throughout your retirement.
It is best to choose an annuity if you have a maturing pension fund and you require the peace of mind of a regular income. If your health may lead to a short retirement you may be entitled to an enhancedor impaired life annuity, these take your health into account and are based on life expectancy. Factors that might change the pension you receive include whether you are a smoker, if you have high blood pressure and if you are overweight. Its predicted that 40% of the retired community could be entitled to an enhanced annuity which would give them a 30% larger income. Contact Haven Independent Financial Advisors to see if you could benefit from an enhanced annuity.
Once retired you may need to consider going into long term care, this can be very costly but with the help of Haven Independent Financial Advisors paying for care will seem less overwhelming. With the average cost of a residential home at 24,900 ,or more if you require a nurse, you may be entitled to help from your local authority and you can find this out with the help of an Independent Financial Advisor. Local authorities will pay an amount dependent on your income directly to the care home. If you are on your own you will be expected to contribute all of your income, excluding your personal expense allowance, towards a care home. Over time paying for care can be a massive drain on your assets but the Independent Financial Advisors at haven can offer practical and affordable solutions
So if you are planning to retire and require help planning your retirement contact Haven IFA Today.
Haven Independent Financial Advisors are based in Cheshire and provide professional financial advice to companies as well as individuals in Altrincham, Cheshire and Manchester. Haven IFA are an independent company which allows them to offer non-biased advice on a broad range of financial matters including retirement and inheritance tax. Havens Independent Financial Advisors can help you realise your medium and long term aims through retirement.
Research has shown that when planning for retirement people underestimate the amount of time they will be retired for so tend to under budget. Haven IFA can help you to budget correctly for your retirement.
There are two ways of providing income during retirement and Haven IFA can advise you on with pension payment method is best for you. The first option is to choose an open market payment option. Choosing the open market option allows you to withdraw your pension fund and invest it with another pension provider, this has the potential to raise your income if you choose the right company. The other pension payment method is through annuities. Annuities can be bought as a lump sum payment using your pension fund when you begin retirement, once you have paid for an annuity you will receive a regular income for the rest of your retirement. Annuities are a secure way of guaranteeing you will always have some money throughout your retirement.
It is best to choose an annuity if you have a maturing pension fund and you require the peace of mind of a regular income. If your health may lead to a short retirement you may be entitled to an enhancedor impaired life annuity, these take your health into account and are based on life expectancy. Factors that might change the pension you receive include whether you are a smoker, if you have high blood pressure and if you are overweight. Its predicted that 40% of the retired community could be entitled to an enhanced annuity which would give them a 30% larger income. Contact Haven Independent Financial Advisors to see if you could benefit from an enhanced annuity.
Once retired you may need to consider going into long term care, this can be very costly but with the help of Haven Independent Financial Advisors paying for care will seem less overwhelming. With the average cost of a residential home at 24,900 ,or more if you require a nurse, you may be entitled to help from your local authority and you can find this out with the help of an Independent Financial Advisor. Local authorities will pay an amount dependent on your income directly to the care home. If you are on your own you will be expected to contribute all of your income, excluding your personal expense allowance, towards a care home. Over time paying for care can be a massive drain on your assets but the Independent Financial Advisors at haven can offer practical and affordable solutions
So if you are planning to retire and require help planning your retirement contact Haven IFA Today.
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