I'm Planning For Retirement

Future thinking

Planning ahead can pay off when it comes to retirement and this is a good place to start.

The sooner you start to save, the more time you’ll have to grow your pension. On the flip side, you might be a late starter racing to boost your retirement funds before you stop working. Wherever you’re up to with your planning, financial advice could help you work out how much money you might need in retirement and suggest ways you might be able to achieve it.

Retirement plan checklist

A checklist can be a good place to start when it comes to making retirement plans. It could help you:

  • decide what sort of retirement you’d like to have.
  • check how much your pension income might be and how much you might need to top it up.
  • create a savings budget.
  • explore methods of saving that suit your current circumstances and have the most potential to help you achieve your goals.
  • booking regular reviews with a financial adviser to check your plan still suit your requirements can help heading up to retirement and when you’re actually retired.

A financial adviser might also recommend investing, which could be a good way to grow your funds. If they do, it’s important to understand that investing isn’t the same as putting your money in a savings account. It puts your capital at risk because the value of your investments can go down as well as up and you could get back less than you originally invested. If you invest then you should invest for at least five years, and be comfortable with the risk involved. That said, the greater the risk you’re willing to take with your money, the greater the potential rewards.

We’ve also created a form designed to give you a rough idea of what your income and outgoings might be when you’re retired. It won’t give you definite answers though, so if you’d like a more detailed analysis, our financial adviser might be able to help.

It doesn’t cost anything to see if we could help you with your retirement plans. Call 0800 731 5342 for a free initial chat to see if you could benefit from financial advice. There’s no obligation to act- our No Pressure Promise makes sure of that. You won’t incur any charges unless you act on our recommendations.

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Why choose Skipton for financial planning

No pressure promise

We’ll never push you into taking up a recommendation or service you don't want or need.

No implementation no charge

You'll only be charged if you decide to implement your financial plan

Retirement planning experts

Your adviser will discuss with you your current lifestyle and financial situation, and build a plan tailored to your needs

Our recommendations are likely to include stock market-linked investments. These aren't like building society savings accounts, as your capital is at risk and you may get back less than you invest. The value of your investment and any income from them may fall as well as rise. Your eventual income will depend upon the size of fund at retirement, future interest rates and tax legislation.

Get in touch

Web Chat

If you’ve got a quick query, drop us a line on web chat and our friendly team will be happy to help you out.

Speak to us

Call us on
0800 731 5342
or request a call back

Visit us in Branch

Come and see us at any of our UK branches and we’ll arrange an appointment to talk about your retirement plans.

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