Post Work Living & Retirement
Including Inheritance Tax Planning
For all of us, there will come a time when we can work less hours, or not at all and enjoy our other interests. Increasingly, this applies to those who have sold businesses and have this option earlier in life; for others the word ‘retirement’ is somewhat redundant, with an active
life to support after paid work.
It is important, at this time,to assess how to generate your income in the most tax efficient way from your funds, balancing the need for further growth and the effects of inflation. Planning how much of your capital you need instant access to and how much you can take a longer term view on,
is also vital.
We can help you consider the most appropriate way of taking your pension. This could mean
purchasing an annuity, or retaining your fund and drawing your income from it.
Or alternatively, you may access a proportion of your tax free cash on a regular basis. This may also be a time when you want to consider your position on Inheritance Tax and think about the strategies to save as much of your legacy for your family.
Coming to Oaklands you will find caring people to advise you on your options, carry out independent research and then take the time to sit with you to make a plan that will support your future lifestyle.
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