{"id":1086,"date":"2014-03-20T13:03:28","date_gmt":"2014-03-20T13:03:28","guid":{"rendered":"http:\/\/bgfs2018.wpengine.com\/?p=1086"},"modified":"2014-03-20T13:03:28","modified_gmt":"2014-03-20T13:03:28","slug":"holistic-view-retirement-planning-even-important-ever","status":"publish","type":"post","link":"https:\/\/www.buckinghamgate.co.uk\/blog\/holistic-view-retirement-planning-even-important-ever\/","title":{"rendered":"Why A Holistic View On Retirement Planning Is EVEN More Important Than Ever"},"content":{"rendered":"

It was only a couple of months ago now that I penned an article for this blog<\/a> on the importance of taking a holistic view on retirement planning. I predicted possible increases to the minimum age at which pension benefits could be drawn on and it would seem that my premonitions have come true.<\/p>\n

While it was not widely publicised in the aftermath of the budget speech, contained within the consultation document was the revaluation that the minimum age at which pension assets can be drawn upon is set to rise to 57 (from 55 currently) in 2018. This age will then be linked to increases in the state pension age which, in turn, is linked to life expectancy.<\/p>\n

While the reforms announced in the budget certainly provide far greater flexibility to prospective retirees and will, no doubt, increase the attractiveness of a pension as a retirement planning tool, for those of us who wish to retire early, there could start to be problems.<\/p>\n

The minimum pension age has always been fixed (in a manner of speaking) \u00a0and has only changed as the result of a budget or policy initiative. That has all changed now, with the minimum pension age set to be linked to our seemingly ever-increasing life expectancy.<\/p>\n

For those who still dream of a retirement before their 60th birthday, it will be more important than ever before to take a holistic view on retirement planning, and make use of the newly increased ISA allowance and other savings vehicles in order to provide accessible funds when they are required.<\/p>\n

The need for high quality financial planning advice both at and during retirement will be greater than ever to ensure that accumulated pension and retirement funds will provide sufficient income for life. With greater flexibility comes greater risk, and the chancellor yesterday placed the responsibility on individual pension savers to ensure that they provide for themselves in retirement.<\/p>\n

If you would like to find out how the pension changes announced in the budget might impact on your retirement planning, please get in touch<\/a> to request your discovery meeting, provided at our expense.<\/p>\n","protected":false},"excerpt":{"rendered":"

It was only a couple of months ago now that I penned an article for this blog on the importance of taking a holistic view on retirement planning. I predicted possible increases to the minimum age at which pension benefits could be drawn on and it would seem that my premonitions have come true. While… Read more »<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,5,2],"tags":[],"class_list":["post-1086","post","type-post","status-publish","format-standard","hentry","category-budget","category-news","category-pensions","wp-sticky"],"_links":{"self":[{"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1086"}],"version-history":[{"count":0,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1086\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}