Why it’s never too late to start planning for your future

Planning for your future can feel like a big step, whether you’re near retirement or it’s a long way off. There are so many choices and decisions to make and it’s all too easy to feel overwhelmed or confused about pensions and saving for retirement.

The good news is that it’s easy to get help, guidance and advice from experts, all of which will help you make plans for your financial future.

Pension Wise guidance

Pension Wise is a government-backed initiative for those aged 50 and over that makes sure you know what you can do with your pension savings. Best of all, it’s free to use.

How can they help you?

1. Easy talk – Pension Wise explains things in a way that makes sense to you.
2. Tax made simple – Clear up the confusion around tax. They will tell you how certain pension choices might affect your tax situation, so you’re ready for them.
3. Your own guide – Everyone’s situation is different. Pension Wise can guide you towards making the right choices for you.

Get financial advice

If you’re looking for someone to advise you and/or manage your money, you will need a financial adviser. They’re experts at making sure your money works best for you. Here’s how they do it in three simple ways:

1. Personalisation – They look at your situation, and what you want in retirement, and create a plan that’s just right for you.
2. Expertise and insights – They understand all the tricky money stuff, like where to invest, how taxes work and what's happening in the money world. They share these smart insights with you, so you can make wise decisions.
3. Long-term planning – Retirement isn’t a sprint – it's more like a marathon. They will check in with you regularly to see if you’re on track.

Conclusion 

Planning for retirement may seem like a big challenge, but plenty of support and help is available. Pension Wise provides free and trustworthy guidance, and a financial adviser can help tailor a plan just for you. Remember, taking action today lays the foundation for a more comfortable retirement in the future.

Sign in to your Smart Pension account to plan for your future.