For many parents, getting through their day-to-day challenges is more than enough. Planning for their retirement seems less important, and a long way off, so they tend to put it to the back of their minds. However, you’ve probably not given it a thought, but it is worth noting that you are in a unique situation when it comes to retirement.
For most of my families I help, I notice there is generally only one parent contributing to a pension, but it is highly likely that there could be three people living off the pension (parent, spouse and adult child with additional needs).
I feel that parents don’t realise what is coming down the road at retirement time.
Here are a few of the areas I cover in the booklet
- State Pension
- Main reasons for having a pension
- Different types of pensions
- When to start your pension
- Pros & cons of having a pension
- How to choose your funds
- Hidden pension charges
- Retirement options
- Pension and tax implications
- How your entitlements change when you retire
- What happens to pensions when you pass away
I hope this booklet gives you lots of helpful information to help you make the right financial decisions regarding retirement. I firmly believe that the better you as a parent are financially in later life, the more you can leave to your child’s Trust.
