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Could smart planning bring your retirement closer?

Important information – please remember that the value of investments, and the income from them, can go down as well as up, so you may get back less than you invest.

Could smart planning bring your retirement closer?

Retirement planning can often focus on saving more and spending less. It can hasten the day when you finally get to write that book, get to grips with a second language or start that new venture you’ve always wanted to do. Crunching the numbers may seem like a chore, but it’s time well spent today to shape the life you want tomorrow.

Take Fidelity customers Lloyd and Jeremy. Watch their story of moving into retirement.

Moving into retirement

If you are in your 50s or 60s, it may be worth starting to consider your options. At best, you may be able to retire sooner than you think; at worst, you’ll have to consider working for longer to make up any shortfall. A good start is to look at your various pensions and other investments and consider how much income you could expect. This can be matched to your aspirations in retirement and how much income you’re likely to need. 

Please remember that you cannot normally access your pension savings until age 55. 

Get flexible access to your pension savings

With Fidelity’s low-cost SIPP (Self invested personal pension), you can take what you want from your pension, when you want it - free of charge. All you pay are your fund managers’ ongoing charges and our low-cost service fee. There are no annual drawdown fees, set up or one-off withdrawal fees. Share dealing transaction fees may also apply.

So, if you’re looking to take tax-free cash, flexibly access your pension or discuss transferring your pension(s) to us, our retirement service can help. Call us on 0800 860 0048.

The Government's Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access their guidance online at www.pensionwise.gov.uk or over the telephone on 0800 138 3944. Or, of course, you can speak to an authorised financial adviser of your choice.

Important information - please remember tax treatment depends on individual circumstances, and all tax rules may change in the future.  Pension and retirement planning can be complex, so if you are unsure about the suitability of a pension investment, retirement service or any action you need to take, please contact Fidelity’s Retirement Service on 0800 860 0048 or refer to an authorised financial adviser.

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