• picture
  • picture
  • picture
  • picture

Retirement Counselling

Planning for retirement and the right preparation can without doubt influence the way you deal with, and enjoy, this challenging phase of your life.

Wentworth Rose are retirement counselling specialists, and we have been helping people plan and manage their retirements for over ten years. Our retirement counselling service takes two forms: firstly, via courses (available to companies and private individuals) and secondly independent financial advice on a one-to-one basis (see our investment page).

Attending a course is an excellent way of acquiring a complete overview of the many issues that arise as a result of retirement. Many questions are answered during the day, potential problems are highlighted - and solutions and information sources suggested.

Pre-retirement seminars and retirement counselling services

What's new? Phased Retirement for anyone (2016)

Phased retirement was introduced to add flexibility to drawing benefits from a personal pension. Basically, it divides your pension fund into one thousand little policies allowing you to draw the combination of tax-free cash and annuity income from each one separately. The concept is to encash (vest) the exact number of plans each year to meet a target income.

As most of the cash released comes from the tax-free cash element of the policy initially there is very little tax liability in the early years. Over the years the annuity element will rise and eventually this will provide the majority of the income.

The main advantages of the system is that it allows you to adjust your income levels at will in the early years and to leave most of the fund invested whilst drawing an income. Annuity purchase is thus delayed and spread over a number of years rather than taking place all at once. The concept is very flexible but the main disadvantage is that most of the tax-free cash is used to provide income and cannot be drawn as a lump sum.

These days phased plans are often combined with income drawdown to give the greatest possible flexibility but the administration of these plans can be complex. At age 75 any remaining funds that have not been vested must then buy their annuity (or tax-free cash.). Phased Retirement -


Croydon and SW London Lifestyle

Pensions & retirement in Great Britain

Retirement Income Options

Looking for Croydon, Merton & Sutton Credit Union? then click here