Retirement planning

Transition with confidence from work to retirement

Retirement is a major life milestone — and planning for it should be exciting, not overwhelming. Whether you are many years away, preparing to retire imminently or already retired and looking to restructure your income, we can help.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

St. James’s Place guarantees the suitability of the advice given by members of the St. James’s Place Partnership when recommending any of the wealth management products and services available from companies in the Group, more details of which are set out on the Group’s website at www.sjp.co.uk/products.

Financial advice when planning your retirement

From reviewing your existing  pension arrangements to putting plans in place for you to have a sustainable source of income when you retire, at Borealis Financial Planning we work with you to build a retirement plan around your goals, not generic formulas. Whether you're years away from retirement or already retired, invaluable advice will give you clarity and peace of mind.

Life expectancy is increasing and your retirement could last 25 years or more so having a plan in place and making sure you have sufficient income is more important than ever.

Our experienced financial advisers offer personalised retirement planning advice tailored to you. Whether you're decades from retirement or approaching it soon, we can help you:

  • Review your existing pensions

  • Understand the State Pension and what you are entitled to

  • Manage retirement income and spending

  • Protect against inflation and market risks

  • Help make sure you don’t run out of money

  • Reduce tax liabilities in retirement

  • Pass on wealth to your loved ones

How much money do I need in my pension?

By the time you retire your spending is likely to reduce and your large expenses are likely to be paid off so it is likely that the amount of income you need when you retire is less than when you were working.

3 steps to creating your retirement plan

Step 1: Establish your retirement goals – we will meet with you to understand your current circumstances and what you want to achieve

Step 2: Pension review and plan – your financial adviser will review your existing pension plans (and help you track down any you may have lost track of) and help you to establish a clear retirement plan which outlines the steps you need to take in order to achieve your goals

Step 3: Monitor progress – you will receive an annual review meeting to monitor your pension performance and make any necessary adjustments in order to keep your retirement plans on track

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Ready to start a retirement plan?

Create a retirement plan that gives you clarity, confidence and control. Start by having a meeting with us. The meeting is with no-obligation and can take place at your home address, at an office in Bristol, Cirencester or London or on zoom.

The Partner together with St. James’s Place Wealth Management plc are the data controllers of any personal data you provide to us. For further information on our uses of your personal data, please see the Partner’s Privacy Policy or the St. James’s Place Privacy Policy.

Frequently Asked Questions

  • Pensions are outside of your estate and not included in your Will. You must fill out an expression of wish form with each pension provider to nominate who you wish to receive your pension when you die. It is important that you keep this up to date should your circumstances change.

  • In the UK, private pensions can currently be accessed from age 55, this is rising to age 57 in 2028.

  • You can receive 25% of your pension tax free. If you do not need the full amount then you can choose to receive monthly income with 25% of that being tax free. When you withdraw money from your pension, you are putting it back inside your estate.

    The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.