Approaching Retirement
As retirement approaches, one of the most frequent questions is, “Will I have enough income to enjoy my retirement comfortably?” At Ifamax Wealth Management, our retirement planning service helps answer this question by creating a financial strategy tailored to your goals. We ensure sustainable income so you can retire with confidence. We manage your plan actively throughout retirement, adapting as needed to support your evolving lifestyle.
The Retirement Conundrum
When preparing for retirement, there are multiple factors to consider:
Longevity – With increased life expectancy, income sustainability becomes essential.
Inflation – As inflation rises, we help ensure your income keeps pace.
Tax – From tax-efficient income strategies to inheritance tax planning, our approach incorporates tax efficiency.
Market Returns – We build resilience into your plan to manage market fluctuations.
Income and Expenditure – Our strategy addresses income sources and expenses, which can vary, to provide flexibility and peace of mind.
Addressing the Challenges of Retirement: The Ifamax Way
Our specialised retirement planning strategy aligns with the latest FCA Thematic Review guidelines. We prioritise a structured, holistic approach to ensure your retirement is secure.
Define Income and Needs
We start by gathering a complete picture of your income sources, whether we manage them or not. Next, we work with you to determine essential vs. discretionary spending and account for occasional more significant expenses. This forms the foundation of your plan and is reviewed yearly.
Define Savings Available
All savings contribute to the plan, even those managed outside Ifamax. We review these assets to ensure they align with your retirement goals.
Income Risk
Understanding your comfort level with income risk is key. We assess how much guaranteed income you need to meet essential expenses and tailor your plan accordingly.
Tax Efficiency
We ensure your income is delivered in the most tax-efficient way possible while integrating inheritance tax planning for future peace of mind.
Ongoing Review
Your retirement plan is dynamic, and we review it at least annually to ensure alignment with your goals and lifestyle changes.
Why Use Ifamax for Retirement Advice?
Ifamax is among the first financial planners to adopt FCA Thematic Review principles within our retirement planning approach, offering clients the following advantages:
Focused Retirement Strategy
We understand that retirement brings unique challenges and priorities. Whether focused on income sustainability or legacy planning, our strategy addresses these needs, looking holistically across your finances for a personalised plan.
Experienced and Qualified Planners
Our team includes Chartered Financial Planners with extensive experience in pensions and retirement planning. Four of our six planners are under 40, so we’re here to support you for life.
Client Focused Process
Our retirement planning process starts with understanding you. We guide you step-by-step and build a strategy centred on your goals and values.
Our Retirement Advice Process
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We begin by understanding your complete financial picture and your objectives.
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We design a sustainable, tax-efficient income plan that aligns with your goals.
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We implement your plan only when you’re ready.
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We monitor your plan regularly and adjust it as your needs evolve.
Retirement Options FAQ
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Pension drawdown allows you to withdraw income from your pension while the remainder stays invested. We guide you through the benefits and risks, helping you make an informed decision.
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An annuity converts your pension pot into a guaranteed lifetime income. We’ll help you assess if this option aligns with your goals.
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Inheritance tax depends on various factors, including your pension from 2027. We include this in your retirement plan to safeguard your legacy.
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At Ifamax Wealth Management, we pride ourselves on transparent and fair pricing. Our financial planning service has no initial charge, and our ongoing fees are designed to reflect the value of the expert advice and support we provide.