'Pension advice' could be the most important couple of words you read today

Pension advice. That may not set your heart racing, but the things that your pension can get you, with the right advice, are life-changing.

Making a couple of small choices now can help you plan for a better future or allow you to spend time with everyone you care about.

So instead of thinking about the thrilling world of pension products, think about your retirement and work backwards. How do you want to spend those glory days? Everyone is different, and every ideal scenario needs a slightly different approach.

Once you've got an idea, a little pension advice could be how we get you there. With the right plan and execution, so much is possible.


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Do you even need pension advice?

Plenty of people started pensions without ever having a chat with someone. And even if you’re one of the ones who did, your circumstances have probably changed a bit.

Almost everyone can benefit from an initial discussion. Even if it's just to tell you that you're on the right track, and your pension is all set to deliver the future you're looking forward to.

Maybe you are in, or near retirement and want to maximise what you will end up with.

Or maybe you've found yourself with a few different pensions after moving jobs, and you don't know if you should put all of those in one place, or keep them separate.

Perhaps you've had a brand-new brainwave for retirement, and want to change your pension plans too.

Why is personalised advice such a big deal?

In this business, you get to see some really individual retirements come to fruition. Customised camper vans headed to New Zealand, pilgrimages to pyramids, and private studios to relax and paint.

The tricky thing? Pensions can be just as quirky and personal as any of those things. And much less fun.

The crucial thing is to have a smart strategy. For instance, taking too much of your pension quickly could leave your pot too low later on. It might mean you’re paying out much more than you need to in tax. Especially if you’re still working when the pension starts to pay out.

You’ve got a lot of variables to think about:

  • type of pension: state, defined contribution or defined benefit
  • the pot you need to build
  • the risks you’re comfortable taking
  • which allowances you can take advantage of
  • ways to protect it from tax
  • ways you can access the funds
  • other types of investment that might be better for you
  • How to best invest pension funds

Good pension advice takes all of those into consideration, and gives you a simple roadmap towards your retirement.

Where do you see yourself in your retirement?

For Mrs Cox, one of our financial advice customers, retirement is all about trying new hobbies and going on new adventures.

Hold the phone! You offer pension advice?!

I thought we were being so subtle.

Yes, at Skipton Building Society we’ve been helping people with financial planning for over 30 years. It’s why we’ve got so many useful tips, and so many success stories that make us glad to turn up to work.


Our financial advice team are dedicated to helping you plan your future by researching solutions that suit your circumstances.

Gareth Smith, Skipton Retirement Solutions Manager

It's worth having a chat

You will only pay charges if you accept our recommendations and ask us to implement solutions.


Important information

Our recommendations are likely to include stock market-based investments. These are not like bank and building society savings accounts as your capital is at risk and you may get back less than you invested. The value of your investments and any income from them may fall as well as rise. For flexible retirement solutions such as Drawdown, your capital is at risk and you may get back less than you invested. The value of investments and the income from them can fall as well as rise.

Get in touch

For more information on our service and to find out whether you could benefit from financial advice, call our specialist team today for a free consultation over the phone.

This isn’t the fine print. It’s the must-read section.

Risk is real, and we want to get our relationship off on the right foot. There’s every chance that we’ll recommend stock market investments to hit your pension targets.

If you want to better understand these risks before making any decisions, simply get in touch.

If you’ve read this far, we’ve hopefully struck a chord

You’ve got some plans for your future. If you think we could help you get there, or just have some early questions, call 0800 731 5342 for a free initial chat or drop into a branch.

If you don’t need a chat just yet, we’d recommend signing up to our newsletter. You’ll find plenty of useful information so that you feel fully equipped by the time you feel like taking things further.

No spam, just sense.

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