Expert Pension Planning | Plan a Better Retirement Today

Pension planning is now more important than ever. Shackleton’s expert financial advisers can help you make the right choices.

Many people wonder when they can retire. Using data modelling and our bespoke cash flow technology, we can provide you with an accurate projection, reflecting the retirement you hope to enjoy.

With so many options available, it can be difficult to know which plan suits your circumstances best – our advisers are on hand to guide you through this process.

We also support clients who have already received a lump sum payout, helping them make informed decisions on how to manage it effectively, from maximising growth opportunities to reducing potential tax liabilities.

What are the different types of pension?

State Pension

State pensions are government funded from the moment you begin working. They are based on your National Insurance (NI) contributions and you must meet the legal retirement age to claim them.

Workplace Pension

Workplace pensions are arranged by your employer.

They are funded through contributions from both you and your employer for as long as you remain employed with them.

Personal Pension/Private Pension

These are schemes that can be set up by an individual. This money is invested over time to help build growth. Many self-employed individuals opt for this route.

How to make your pension work for you

Throughout your working life, you may have contributed to a number of pensions but knowing how to get the best out of them can be challenging.

For example, you are likely to have worked for more than one employer, which means you may have several workplace pensions. You may also have invested in private pensions.

Knowing how to manage these pensions effectively can be difficult. There are a number of factors to consider, especially when it comes to workplace and private pensions. These include:

Should I consolidate my pensions under one provider?
How can I consolidate my pensions?
If I choose to do this, under which provider should I be consolidating?
When should I start drawing my pension?

Using Shackleton’s expertise and bespoke technology, we can examine your previous investments and help you make the best choices. We also offer provide comprehensive market insights, reflecting the pension industry’s ongoing evolution and the effects of external market forces, factors to which our experienced advisers are constantly adapting.

Our financial advisers can help plan your pension effectively, and if you wish to consolidate your pension plans, we can help you do this, too.

Additionally, we can advise on the right time to start drawing your pension so that you can enjoy the full benefits of your investments.

Why should I consider pension planning?

To take advantage of your tax benefits;
To use the opportunity to grow your existing wealth;
To secure peace of mind for your retirement;
To add more flexibility to your pension funds;
To know when you can retire;
To understand what further contributions your pension requires; and
To plan for the retirement you want.

How can we help with pension planning?

Our team of financial advisers can assess your individual circumstances and help you plan your retirement. Shackleton uses state-of-the-art cashflow planning technology to help you plan for your retirement accurately and effectively.

Key aspects of planning for retirement

Cashflow Planning

We use advanced cashflow technology to show how much money you’ll need through retirement.

We’ll also reveal what it takes to achieve your ideal retirement and explore if early retirement is possible.

Understanding Your Goals

We’ll assess whether your current plans can meet your retirement goals.

If improvements are needed, we’ll suggest the best options available to you.

Pension Planning

It is important to have confidence in how your pension is invested and how it’s drawn down.

We’ll analyse your current arrangements, suggest solutions if performance falls short, and ensure you maximise your allowances.

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Comprehensive pension analysis

Our advisers begin by thoroughly assessing your existing pensions to determine if they are performing optimally. This includes evaluating investment strategies, fees, and projected retirement income.

If improvements can be made, we will provide a clear, jargon-free explanation and actionable recommendations to enhance your pension. Shackleton’s state-of-the-art cashflow planning technology can help us fully analyse your finances.

Tailored retirement strategies

Recognising that each individual’s retirement aspirations are unique, we develop personalised strategies that align with your specific goals.

Whether you’re aiming for early retirement or seeking to maximise your retirement pension, our bespoke plans are designed to meet your needs.

Ongoing support and adjustments

As life circumstances change, so should your pension planning. We offer continuous support, regularly reviewing and adjusting your plan to ensure it remains on track.

Our proactive approach helps you navigate life’s uncertainties with confidence, knowing your pensions are always working effectively for you.

Speak to us about your pension planning today

Shackleton works with clients across the UK, helping them with both retirement advice and pension planning. For further information, please speak to one of our financial advisers. You can do this via email at enquiries@shackletoadvisers.co.uk or you can call us on 0207 220 7274.

Frequently asked questions about pensions

What is pension planning?

Pension planning is organising your pension savings to ensure you have enough income for retirement.

How is pension planning different from retirement planning?

Pension planning focuses on pensions only, while retirement planning covers your whole financial picture.

When should I start pension planning?

You should start pension planning as early as possible, but it’s never too late to review your options.

Can you help with old workplace pensions?

Yes, we can help with old workplace pensions. We will help you to consolidate or optimise pensions from previous employers.

What if I don’t know how much I’ll need?

If you don’t know how much you’ll need to plan your pension, we’ll help you set realistic retirement goals and calculate the income you’ll need.

Do pensions need regular reviews?

Yes, pensions need regular reviews because circumstances and pension rules change.

Do you offer ongoing support?

We provide ongoing support and guidance to adapt your plan as life evolves.

Making the right choice when pension planning