Start planning your retirement with expert guidance
Retirement plans are an individual matter. You may want to simply kick back and relax, or you may be filled with a new found spirit of adventure. Whatever your intentions, it’s important to put plans in place and to think how much money you will need to save.
At Nelsons, our specialist team of Independent Financial Advisers in Derby, Leicester and Nottingham has been helping individuals, trustees and companies make informed choices about their short- and long-term objectives for over 30 years. Authorised and regulated by the Financial Conduct Authority and with more than £350 million under management, you can rest assured that with our team, you are in safe hands.
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Watch our video on retirement financial planning, presented by Zoe Till, Partner and Chartered Financial Planner…
How we can help with retirement financial planning
Our team has all the necessary skills and resources at their disposal to help you plan for your retirement and can provide a broad range of pensions and investment advice on financial strategies and planning, including:
- Helping you work out when you can afford to retire
- What you can do to retire earlier or have a better retirement
- Help organise your existing pensions and other assets to get the most out of them
- Explain the rules around pensions, taxes, retirement ages and death benefits
- Calculate if pensions are the best place for you to save for your future
- Cash flow modelling advice
- Life insurance advice
Working in conjunction with our Wills, Trusts and Probate solicitors, we can also help with creating Wills, setting up Lasting Powers of Attorney and Trusts and providing estate planning advice. This will mean that your assets are passed inherited by your loved ones once you have passed away.
Meet the team
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Zoe TillPartner & Chartered Financial Planner
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John StanleyPartner & Independent Financial Adviser
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Phil TerryPartner & Independent Financial Adviser
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Beryl MorganConsultant & Independent Financial Adviser
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Sam CawleyInvestment Director & Chartered Financial Planner
Getting to know you
To help you achieve your financial goals, we need to understand you, your core objectives and your values.
An important part of creating a financial plan is ensuring you are happy with the journey you will be taking which is why our service is bespoke, unbiased and personal. We’ll discuss your circumstances and your comfort level with risk and
desired rewards.
Whether you are planning for retirement, looking to save for something specific, thinking about taking a step back from your business or having financial security for life’s unexpected events, we’ll help you get there.
Tailored financial solutions for your future
Once we’ve built a customised plan, we will provide specific advice towards achieving your goals while optimising tax efficiency.
Our process:
- Understanding your goals – We begin by thoroughly understanding your financial objectives.
- Personalised plan – We create a customised plan, complete with a detailed report and our expert recommendations.
- Investment options – We offer comprehensive investment options, along with ongoing asset management support.
- Annual reviews – Regular reviews ensure your plans adapt to your changing needs.
Why choose Nelsons?
- Unbiased expertise – As independent financial advisers we are not tied to any product providers or banks, which allows us to offer you truly unbiased and objective advice, meticulously tailored to your specific needs.
- Holistic collaboration – We offer a free initial consultation and can work with your existing accountant, solicitor or other advisers if you wish. If you need any legal advice, we seamlessly integrate both
the financial and legal aspects to create comprehensive solutions, saving you valuable time. - Trusted partnerships – We work with a number of trusted partners who are respected fund research teams ensuring in-depth, qualitative analysis of the fund market. Our trusted partners enhance our ability to service you effectively.
- Rigorous investment oversight – Our investment committee meets on a regular basis to diligently review and research our model portfolios. You can rest assured your investments are in capable hands.
- Ongoing support – Should you need any assistance, you can contact your adviser and our support team at any time and our dedicated Investment Management portal lets you view your investments whenever you’d like to.
Whatever your financial goals and aspirations for the future, we will empower you to get there!
Testimonials…
If you would like more information on how our team of Independent Financial Advisers can assist with retirement financial planning or for any other type of advice, please complete our enquiry form or call 0800 024 1976 for a guaranteed response.
Make an enquiry
If you wish to contact us, please complete the form below. A member of our team will be in touch as soon as possible.
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Retirement Financial Planning FAQS
Below, we have answered some frequently asked questions concerning retirement financial planning
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How much money can I comfortably withdraw from my pension without running out?
This is a crucial question for many approaching retirement. Our financial advisers can provide you with an accurate pension forecast and discuss strategies to help you maximise your savings.
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Can I afford to retire now?
The answer depends on your lifestyle and financial situation. Our team can help you budget and determine if it’s more beneficial for you to retire now or wait.
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What’s the most efficient way to take a regular pension income?
Options like pension annuities offer a guaranteed income for life, while pension drawdown provides flexibility. The best choice depends on your attitude to risk and personal circumstances.
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Why do I need a tax code for taking money from my pension?
Any pension income over the tax-free lump sum that exceeds the Personal Allowance will be taxable. HMRC should provide you with a tax code to ensure you pay the correct amount.
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How long will it take to receive my first pension payment?
The timing varies by provider. It’s best to check the terms of your pension schemes and submit any necessary forms well in advance. For the State Pension, you’ll typically receive your first payment within five weeks of reaching the State Pension age.
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Should I use my pension funds now or use alternative retirement sources first?
This depends on your individual situation. Pensions offer tax relief on contributions, and withdrawals beyond the 25% tax-free threshold are taxable. It’s important to consider all your retirement sources.
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Do I need a financial adviser for my pension?
While not legally required, having a financial adviser can be highly beneficial for retirement planning. They can assist with transferring, accessing, or investing your pension in the most advantageous way.
Get in touch
Speak to us now on 0800 024 1976Email Us
