Retirement planning with Parker Kelly
Understanding your options at retirement is essential to making confident, informed decisions about your future.
With a range of ways to access your pension, navigating the choices can feel complex, however with the right guidance, a lot of uncertainty can be removed. Our advisers can help you assess your current position, clarify your retirement goals, and build a structured plan tailored to your needs.
This includes explaining how key factors such as tax, inflation, investment risk, and income requirements may impact your retirement.
By bringing these elements together, we help you make informed choices and ensure your retirement strategy is both clear and aligned with your long-term financial wellbeing
Your Retirement Journey with Parker Kelly
At Parker Kelly Financial Services, we’re your trusted navigator. Whether you’re starting out, adjusting your plans, or already retired, we provide advice and planning. Our retiring planning team are available to help wherever you are on this journey.
We can provide advice on:
Building your pension
Consolidating pensions
Getting Ready for retirement
Taking a retirement income
Managing investments whilst retired
Pension Options
Our retirement planning service can be tailored to your specific needs. We explore all options as a fully independent financial adviser. We can provide a one-off retirement planning report or help you manage your plans in retirement.
Leave your pension pot untouched
- Money left invested can rise or fall in value.
- Further contributions may be possible, subject to scheme and tax rules.
- Inheritance tax treatment is changing: from 6 April 2027, most unused pension funds and pension death benefits will form part of the estate for IHT.
- Review beneficiary nominations and your wider estate plan with your adviser.
Buy a guaranteed income for life – An annuity
- Your income can be guaranteed
- Your retirement income is stable
- You can choose options so your income increases
- You are locked into an annuity
Take a Flexible retirement income – Drawdown
- Take as much income as you need from your pension
- Fill gaps in your earnings
- Take a combination of taxable and tax-free income
- Risk of you pension running out
Take small cash sums – Phased Retirement
- Don’t take a regular income
- Access lump sums as and when you need them
- Mix taxable and tax-free income
- Risk of your pension running out
Mix your options
- Combine options to match your needs
- Take a regular income and lump sums
- Purchase an annuity later in retirement
- This can make decisions complex
Take the whole cash pot
- 25% will be tax-free
- 75% taxable at your marginal rate
- There are likely to be tax implications
- The funds will be part of your estate for IHT
Please note
None of the information contained in this website constitutes financial or other professional advice in any way.
If you require additional information on financial planning, you should contact one of our qualified advisers. There are many facets to retirement planning, and we recommend you seek advice before making decisions.
The above lists are only some of the options and there are possible tax implications..
Retirement Planning in the North West & across the Uk?
Get in touch with our team to arrange your initial consultation.
Independent financial advice from Liverpool, serving the North West:
- Liverpool
- Wirral
- West Kirby
- Cheshire, including Chester
- Southport
- Formby
- Crosby
- Warrington
- Knowsley
- Lancashire
We operate throughout the UK. Get in touch with our team to arrange your initial consultation.