Is it Too Late to Start Saving for Retirement?
Not at all. Even if retirement is only a few years away, there’s still time to make meaningful improvements.
We regularly help people in their 50s and 60s strengthen their pension position before stepping away from work.
Your pension advisor will look at what you’ve already saved, how it’s performing, and what options you have to improve it.
That might include increasing contributions, reviewing how your pension is invested, or making use of allowances that haven’t been used yet.
Every situation is different. We’ll help you get the most from the time and resources available before you hit that point.
How Much Should I Be Saving at This Stage?
There’s no single number that works for everyone.
It depends on when you want to retire, what kind of income you’ll need, and how much you already have in place.
We’ll work with you to build a clear picture of your retirement goals and the income required to support them.
From there, we’ll calculate what kind of contributions might help you get closer to that goal and whether any changes can be made to your existing plans.
Your pension advisor will keep things simple and show you what’s realistic based on your timeframe and budget.
Can You Help Me Review My Existing Pensions?
Yes. Many people approaching retirement have multiple pension pots from different employers or personal arrangements.
You might not be sure what they are worth, how they are invested or what to do with them next.
We’ll review everything you’ve built up so far, explain how each pension is performing, and check whether any of them need attention.
This includes looking at charges, fund choices, and whether your current provider still meets your needs.
It is not just about how much you have saved. It is about how well it is working for you and whether it can work harder.
Making the Most of Your Remaining Working Years
01 Review Your Current Pension Contributions
One of the most effective ways to strengthen your pension before retirement is by reviewing how much you are currently paying in. We’ll check your contribution levels, assess your employer contributions if relevant, and explore whether small increases could make a noticeable difference.
If you’re already making regular payments, we’ll look at whether they are on track to support your plans. If not, we’ll help you work out what is affordable and worthwhile based on your age and goals.
Even a few extra years of contributions can improve your income options later on.
02 Use Pension Tax Relief to Your Advantage
Pension contributions are one of the most tax-efficient ways to save for retirement. For every payment you make, the government adds tax relief. If you pay higher or additional rate tax, there may be more to claim.
We’ll help you understand how pension tax relief works and how to make the most of it based on your income. If you have built up savings outside your pension, we can also look at whether moving some of that into your pension would improve your position.
Our goal in providing you with pension advice, is to help your money work harder by making full use of the rules available to you.
03 Check If Your Pension Is Still Invested Appropriately
As retirement gets closer, your pension investments may need to change. The strategy you started with might no longer match your risk profile or income goals.
We’ll review how your funds are invested, how they have performed, and whether the current approach still fits your timeline. If we think your pension needs to be rebalanced or de-risked, we’ll explain what that means and how to do it.
Investment strategy can make a big difference to how your pension grows in the years before retirement. Our pension advisors will make sure yours is still on track.
04 Make a Plan for Your Pension Income
Even while you are still saving, it helps to think ahead about how you will eventually take your pension. The earlier we can plan this with you, the easier it is to shape your savings around it.
We’ll talk through options like drawdown, annuities and tax-free cash, and explain how your current savings might translate into income. This can help avoid unrealistic expectations and allow you to make decisions now that support your future lifestyle.
Having a clear income plan can also make the transition into retirement feel much more manageable.
Other services
Speak to Matt directly
Matt Leadley Independent Pension & Retirement Adviser
Every enquiry that comes through this website is handled by Matt, not passed to a call centre. The first conversation is free, there is no obligation, and you will get a straight answer about whether advice would actually help you.
Book a free, no-obligation consultation
A short conversation is usually enough to tell you whether advice would help, and what it would cost. There is no charge for the first call.
9:00am to 5:00pm