Designing the retirement you want
Retirement isn’t just an age. It is a stage of life that looks different for everyone. At The Penny Group, we create plans to ensure you have the income, flexibility, and security to enjoy life after work.
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Without planning, many people risk outliving their savings or not being able to maintain their lifestyle. Retirement planning helps you understand what you will need and how to achieve it, giving you confidence to make decisions about work, spending, and future goals.
We will calculate the income you might need, review your pensions and savings, and explore options such as drawdown, annuities, and investments. With regular reviews, we keep your plan aligned to your changing needs.
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Retirement planning is for anyone who wants control over when and how they retire. Whether retirement is decades away or just around the corner, having a plan helps you understand your options and make informed decisions with confidence.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
Retirement planning becomes especially important during:
Each stage presents opportunities to optimise contributions and investment choices.
Having a sound pension and investment strategy is a core part of retirement planning. Working alongside savings plans, investment management, and estate planning to ensure your retirement income is sustainable, tax-efficient, and aligned to your wider financial goals.
The earlier the better, to give your investments more time in which to potentially grow. However, it’s never too late. Even small changes close to retirement can make a big difference.
It depends on your lifestyle goals, expected expenses, and whether you will have other income sources. We will model different scenarios to give you clarity.
It is a way of accessing your pension while keeping the rest invested, offering flexibility and growth potential. We’ll explain how this compares with alternatives like annuities.
Yes. Many people choose to supplement their pension with part-time work, which can also reduce pressure on your savings.
The reality is, even if you wanted to continue working either full or part-time after state retirement age, you might not be able to do so. It might be too physically demanding or might not fit in with retirement goals like spending more time with grandchildren, travelling or other pursuits you have been looking forward to.
It is possible, but you will need to consider tax rules, currency risks, and how your pension is accessed overseas.
Our expert team is on hand to help with your retirement planning
The difference we make, told by the people we help every day
