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Retirement Planning in Wakefield

At Olive Tree Wealth Management Ltd, we offer retirement planning services in West Yorkshire.

With 35 years' experience, we provide clear, trustworthy advice with no jargon.  

We can help with retirement planning, financial advice for bereavement, early pension access, and early pension withdrawal in Wakefield, York, Pontefract, Knottingley, Normanton, Castleford, and surrounding areas.

First Class Service

No-jargon advice

Financial Conduct Authority Registered

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Get your pension in order with Olive Tree Wealth Management Ltd.

Consolidate and optimise your pension savings with Olive Tree Wealth Management Ltd.

 

Income drawdown/unsecured pension

Maximise your retirement income while maintaining flexibility and control over your pension fund.

Occupational pensions/auto enrolment

We guide you through the complexities of occupational pensions and ensure compliance with auto-enrolment regulations.

Consolidation of pensions

Streamline your pension portfolio for easier management and potentially lower fees.

 

Early pension withdrawal

Get expert advice on the implications and alternatives before making early withdrawals from your pension.

Early pension access

Explore your options for accessing your pension ahead of schedule and make informed decisions.

Early pension drawdown

Plan for early retirement with personalised drawdown strategies tailored to your needs.

 

Combining all your pensions

Combine your pension pots to simplify your retirement planning and monitor your investments more effectively.

Finding all your pensions

We help you track down any lost or forgotten pensions to ensure you're maximising your retirement savings.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate auto enrolment.

Retirement Planning Process

We want to help you plan for a comfortable and worry-free retirement. Our retirement planning process starts with getting to know you and understanding your goals and needs. We'll look at your current financial situation, including your assets, debts, and income. 

Next, we'll work with you to set specific retirement goals and create a plan to reach them. This plan may include saving strategies, investment options, and ways to maximise your retirement income.

Once we have a plan in place, we'll keep an eye on your progress and make adjustments as needed. As life changes, your retirement plan may need to change too. We'll be here to help you every step of the way.

With Olive Tree Wealth Management Ltd, you can feel confident that your retirement is in good hands.

We can help with:
 

  • Retirement planning

  • Financial advice for bereavement

  • Savings & investment advice

  • Taxation advice

  • Income drawdown/unsecured pension

  • Improving retirement income

  • Occupational pensions/auto enrolment

  • State & personal pensions

  • Consolidation of pensions

  • Early pension withdrawal

  • Early pension access

  • Early pension drawdown

  • Combining all your pensions

  • Finding all your pensions

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FAQ

Q: How much am I going to need for my retirement?
A: The answer to this, of course, depends on your aspirations - what will you want to do? What will be the costs of day-to-day living for you (and your partner) in retirement? What else will you want to do now you have time on your hands? What expenses will disappear, for example children or mortgage repayments?


Once you come up with a figure, add in an amount as a buffer against the unforeseen and unexpected. Now you will have arrived at the amount of pension that you should ideally be planning for. Also, bear in mind that pensions are taxable, so you will need to allow for payment of Income Tax when arriving at your final pension figure.

 

Q: Why is retirement planning important?

A: Retirement planning is important because it helps individuals ensure they have enough money saved to maintain their lifestyle after they stop working. Without a plan, people risk running out of money and not being able to afford their expenses in retirement.

Q: When should I start retirement planning?

A: It's never too early to start retirement planning. The earlier you start saving and investing, the more time your money has to grow. However, if you haven't started yet, it's important to begin as soon as possible to catch up.

Q: What are some common retirement planning mistakes to avoid?

A: Some common retirement planning mistakes include underestimating expenses, not saving enough, relying too much on social security, and not having a diversified investment portfolio.

Q: Why do I need a Pension?

A: When retired, need food, shelter and lifestyle maintenance. Without inheritance or windfall, need secure lifetime income. Well planned pension and regular reviews needed.

Q: I already have a pension so I'll be fine, won't I?

A: Review benefits and status for scheme and personal plan. Talk to employer or pension provider or us for analysis and recommendations. Personal pension size depends on contributions, investment, and charges.

Q: What type of Pension?

A: Depends on employment status and employer's scheme benefits.

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"They reviewed my old work pension, and the whole thing was hassle-free."

- Tom via Yell

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Is retirement creeping up on you?

Take control of your future today with Olive Tree Wealth Management Ltd. Our experts can help you navigate the complexities of retirement planning to ensure a comfortable and secure future. Don't wait until it's too late – contact us now to take the first step towards a worry-free retirement.

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