This document discusses the importance of retirement planning given increasing lifespans and the uncertainty of state pension funds. It notes that retirement ages are rising and state pensions alone may not cover costs, so individuals need to take responsibility for their own financial security through long-term retirement planning and investments from a young age to potentially retire earlier. It raises common questions about retirement finances and options to make investments more efficient and potentially retire abroad.

1. • It is never too early to be thinking about
retirement planning...
• earlier the better!
• increasing life expectancies
• retirement is now much longer than ever

2. • a state pension is unlikely to see you through
retirement
• people are living longer
• this will drain state pension funds
• who knows what will be left when you retire?

3. • Don't fancy retiring in your 70s or 80s?
• retirement ages increasing from 60 for women
to 65 for both men and women
• government plans to scale these up for both men
and women to 68
• for younger generations this could increase to
70 and beyond

4. • If you start planning now you could retire early!
• who should think about retirement planning?
• anyone of working age who can commit
resources
• the earlier you invest, the longer it will have to
grow

5. Questions you may have:
• At what age will I be able to retire?
• Will I be able to afford to retire?
• What sort of income will I have when I retire?
• How can I increase my pension?
• How much tax will I pay in retirement?
• I know my pension fund is worth £x, but what will that
translate to in monthly income?

6. • Fancy retiring in the sun?
• maybe Spain, Australia or Canada?
• what tax issues do you need to think about?
• better to take your investments with you or
leave some in UK?

7. • Want to make your investments work harder?
• stocks, shares, ISAs, financial assets
• did you know these can be made more income-
efficient?

8. Summary
• you are responsible for your financial security
• plan proactively
• complement the unpredictable state pension

9. Visit RetirementPlanningSolutions.co.uk now to
claim your FREE consultation with top retirement
expert Michael Garvie!