At Can I Retire, we help UK citizens determine whether they have the financial security to retire comfortably. 

Our expert advisers assess your savings, pension, investments, and expected expenses to create a personalized retirement strategy. 

Whether you’re considering early retirement or planning for the future, we provide clear, professional guidance.

Take control of your retirement plans today—contact us for a personalized retirement assessment in Shrewsbury SY1 1. 

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Is It Worth Getting Financial Advice Before Retiring?

Financial advice ensures you maximize pensions, savings, and tax efficiencies for a secure retirement. 

A financial adviser can help structure withdrawals to minimise tax, recommend suitable investment strategies for long-term income and assess whether you have enough savings to retire comfortably.

Retirement decisions are lifelong – getting professional guidance helps create a sustainable financial plan.

How Much Does a Retirement Plan Cost in Shrewsbury?

The cost of retiring is £500 to £1,500 for one-off advice on pensions, savings, and withdrawal strategies.

Full financial planning, including tax efficiency, investment strategy, and estate planning, can cost £2,000 to £3,000.

If you need continuous support, advisers may charge 0.5% to 1% per year of your pension and investment portfolio.

Some providers offer free online retirement calculators, while robo-advisers charge 0.25% to 0.75% per year for automated financial planning.

What Are The Benefits of A Professional Retirement Plan?

A professional retirement plan in Shrewsbury ensures financial security, optimized pension withdrawals, and long-term stability throughout retirement.

Key benefits include:

• Personalized financial strategy – A tailored plan aligns with your income needs, lifestyle goals, and risk tolerance.
• Tax efficiency – Expert planning minimizes tax on pension withdrawals and maximizes available allowances.
• Optimized pension withdrawals – Structured income strategies help avoid running out of money too soon.
• Investment growth – A well-managed plan keeps savings invested wisely for long-term returns.
• Protection against inflation – Planning accounts for rising living costs to maintain purchasing power.
• Estate and inheritance planning – Ensures tax-efficient wealth transfer to beneficiaries.
• Reduced financial stress – Ongoing advice provides confidence and peace of mind in retirement decisions.

How Much Money Do I Need to Retire?

According to the Pensions and Lifetime Savings Association (PLSA):

• £12,800 per year – Covers basic living costs (minimum lifestyle).
• £23,300 per year – Provides more financial security and leisure activities (moderate lifestyle).
• £37,300 per year – Allows for luxury spending, holidays, and more financial freedom (comfortable lifestyle).

The amount needed for retirement varies based on lifestyle and spending habits.

 

Can I Retire Early?

You can retire early if you have enough savings, investments, and pension income to support yourself before accessing the state pension. 

Private and workplace pensions allow for withdrawals from 55 (rising to 57 in 2028).

Savings and investments, such as ISAs, property income, and other assets can provide early retirement funds.

When Can I Access My Pension?

State pension is available from age 66 (rising to 67 by 2028 and 68 in future years).

Workplace & personal pensions can be accessed from age 55 (rising to 57 in 2028).

Final salary pensions is between 60 and 65.

Checking provider terms ensures a smooth transition to retirement.

How Much State Pension Will I Get If I Retire?

The full new State Pension (2023/24) is £203.85 per week (£10,600 per year).

The amount of state pension received depends on your National Insurance record. 

To receive the full amount, you need 35 qualifying years of National Insurance contributions.

Because state pension entitlements vary, checking your forecast on gov.uk helps plan for retirement income.

Should I Take My Pension Tax-Free Lump Sum?

You can withdraw 25% of your pension tax-free from age 55 (rising to 57 in 2028). 

The first 25% is tax-free, but further withdrawals are taxed at your income rate.

Immediate access to cash allows for paying off debts or making investments.

You can take the lump sum in full or in smaller withdrawals.

How Can I Get Financial Advice for My Retirement Plan?

Contact us today for a retirement plan consultation in Shrewsbury. 

Can I Retire offers expert retirement planning services to help individuals determine financial readiness and create a secure future. 

Get in touch now to get started and enjoy the benefits of professional financial guidance.

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Make sure you contact us today for a number of great Financial Adviser services in Shrewsbury.

For more information on Can I Retire? service in Shrewsbury SY1 1, fill in the contact form below to receive a free quote today.