IFA Financial Advisers in Surrey

Later Life Advice

When it comes to planning for retirement and later life, the earlier you begin, the more potential your money has to grow.

Later Life planning is a vital, but sometimes overlooked, responsibility. Its purpose is to plan a pathway so you can enjoy the future you want, rather than leave it to chance. Making sure your wishes are known and understood will give you the peace of mind you need so you can enjoy your later years.

When approaching, or in your retirement and later life years, your main financial concern is likely to be whether you have enough financial provisions to support you, and your loved ones, both throughout your retirement journey and in the event of any later life financial needs.

Later Life advice can be especially useful for clients who are 'retired' who may need advice on estate planning, care fees, equity release or advice on their pensions and investments. Our aim is to simply guide you safely through the complexities of later life, providing advice, information and solutions to any of your later life financial needs.

If you are wondering whether you have sufficient savings or how long your finances will last. Get in touch, we can advise you on how to best manage your wealth to suit your lifestyle and longer term goals, by discussing a plan that best suits your needs.

Why can later life advice be so important?

People are living longer and looking more closely at their retirement and whether they will have sufficient funds. Many older people have been affected by issues such as low returns on investments and have seen the values of their savings diminish as care costs soar.

Managing your finances for later life is as important as it has ever been. We're here to guide you through the maze of options and products available to you.

Financial planning for later life

Financial planning for later life includes various elements:

Pensions and retirement planning, to help you make the most effective use of the savings you’ve spent your working life accumulating

Inheritance and estate planning, so that you can efficiently pass on your wealth to your loved ones and give them the best possible futureto help you maximise the wealth you have available to pass onto your loved ones

Savings and tax-efficient investments, - which is important at any age

Care fees planning, to ensure that all your needs in later life are taken care of, whether you require care in your own home or residential care.

Lasting power of attorney, - it may be necessary to plan for passing on decisions about your finances to the people you love and trust the most. It will give you peace of mind if you are concerned about your future health or ability to make decisions for yourself

Wills - it is prudent to look at your will to ensure that your estate is shared between loved ones in the way that you want

Later life planning can remain on your ‘to do’ list for years, until it becomes too late. We can support you as you plan for later life, and help you answer the questions you have about your future.

Lasting powers of attorney are not regulated by the Financial Conduct Authority.

Will writing, tax planning and trust advice are not regulated by the Financial Conduct Authority.

Tax Treatment depends on the individual circumstances of each client and may be subject to change in the future.

A Pension is a long term investment, the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and pensions and tax legislation.

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