45 to 55 years

45 - 55 years old

Key considerations at this age

When do you want to retire?

Have you considered your retirement lifestyle? Or when you actually want to retire? The earlier you start planning, the easier it will be to create the retirement lifestyle you want. For most of us, the State Pension will not provide adequate funding in retirement to maintain the lifestyles we have become accustomed to during our working lives. It’s not too late to review your funds and make any necessary adjustments.

Your attitude to risk

In the years since you first took out your pension policy(s), your attitude to risk may have changed. As you get closer to retirement, you may be looking to secure your pension funds. Completing a careful reassessment of your risk tolerance, may well help you achieve these goals.

We can advise on:

Income Drawdown

Take up to 25% Tax-free lump sum – if your 55 or over you can normally choose to take up to 25% (a quarter) of your pension pot as a tax-free lump sum.

Investment growth – a drawdown pension allows you to keep your savings invested, meaning your money could continue to grow, unlike if you purchase an annuity.

Pension Consolidation

Reducing charges – your pensions may have different annual management charges, some lower than others, so it could make sense to combine your pensions into one with lower fees.

Easier to manage – it’s critical to keep a close eye on your pension savings. Moving them into one pension scheme could mean you don’t lose track of your money.

Pension Transfer

Save money – there can be huge differences between different pension policies and the charges they incur.

Reduced risk – as you get closer to retirement, a higher risk pension may not be suitable for your personal circumstances.

Final Salary Pensions

It’s a legal requirement to seek professional financial advice from a fully qualified adviser who is authorised by the Financial Conduct Authority (FCA), if your pension is valued over £30,000.

At F3 Wealth – we hold the necessary qualifications to advise on Defined Benefit (Final Salary) pensions.

What our clients say

Pension fund

A pension fund came to fruition and I wanted advice on how best to utilise the funds. Ray explained several options that were available and… Read more “Pension fund”

Bernadette

Approaching mid 60′

As I approached mid 60’s with failing health and a disparate portfolio of assets I thought it was time to review where I was on… Read more “Approaching mid 60′”

John

Very responsive

Mark is very responsive, clear and answers questions in wat that is easy to understand.

Eamonn

Planning for retirement

My Property purchase and planning for retirement all went very smoothly, the advise was clear and understandable and I have achieved what I needed.

Rita

Personal property

My situation with personal property, pensions and an Interest only mortgage was becoming too complex. I needed to understand what my best options were. Ray… Read more “Personal property”

Steve

Excellent Information

Mark provided me with excellent information about my private/personal pension. Mark explained everything in detail and answered all my questions so I fully understood my… Read more “Excellent Information”

Sarah

Excellent Advice

Raymond gave me excellent advice, he explained clearly what I needed to do and what he would do. He has guided me every step of… Read more “Excellent Advice”

Lindsay

About Us

F3 Wealth are Chartered Wealth Managers and, as a result, hold the industry’s gold standard qualification in the United Kingdom, which means we are amongst the most experienced within our profession.

For more than 20 years, we have helped investors save time, tax and money on their investments.

F3 Wealth is authorised and regulated by the Financial Conduct Authority(FCA number 827075 ) which means protections for private clients via the Financial Ombudsman Service(FOS) and the Financial Services Compensation Scheme (FSCS).

We provide investment management services to individual private clients and families, sizes ranging between £200,000 and £20m. Model portfolio services are also provided to professional clients, pension funds and small corporates.

We build strong working relationships with our clients by meeting with them regularly and taking an interest in their lives and their financial goals. We know the families we represent and we have built our business on results and recommendation

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