Who can help you decide how to take your money
You can get expert help from HUB Financial Solutions
If you’re thinking about retiring, and are aged between 40 and 73, HUB Financial Solutions can help you decide how to make the most of your pension. They’re a team of retirement specialists who are focussed on finding the right financial solutions for people approaching, or in retirement.
When you’re ready to set things in motion, you can choose from the following services:
Destination Retirement – If you’re aged 40 or above you can use the Retirement Planner to create a free retirement plan and model different scenarios to forecast your potential life after work, showing what your retirement might look like and how far your money may go.
As you approach retirement, Destination Retirement can then help you put that plan into action through their Retirement Income Advice service. Here’s what their advice service can do for you:
- Enable you to create multiple plans to compare different ways of starting your retirement, like switching to part-time work or making a career change
- Help make sure that you won’t pay more tax than you need to, so that you get the most from your retirement income
- Bring your retirement savings together, handle the paperwork and make sure the money you need arrives in your bank account each month as planned
- Give you access to their UK-based team of retirement specialists throughout your retirement, Destination Retirement will help you on your journey
- If something changes, they will help you update your plan at any point
- Look ahead to help make sure you don’t run out of money, or spend too little when you don’t have to
The ongoing fees and charges that will apply if you put your plan into action will be made clear to you before you commit.
As with any investment, your capital is at risk. This means that your investments may go down as well as up and you may get back less than you invest.
Guided Annuity Service – A non-advised service that helps you choose an annuity that’s right for you, using the money in your Royal Mail Defined Contribution Plan. You can enquire about their annuity service by contacting Scottish Widows by calling 0800 092 8263 or emailing royalmailserviceteam@scottishwidows.co.uk, or contacting HUB Financial Solutions directly by calling 0345 863 0495 or emailing annuityadmin@hubfs.co.uk.
To find out more about the retirement options which are available to you, visit hubfinancialsolutions.co.uk/royalmail.
There’s lot of free information and guidance out there too
However much you’ve saved in your pension pot, there are people who can help you think through your options. Pension Wise is a government service offering free, impartial guidance to anyone over 50. Call them on 0300 330 1001 – you can talk to them over the phone or arrange to meet them face to face, or book an online appointment with them.
Pension Wise only provide guidance, not advice, but you might want to contact them for an overview of your options some time before you engage with HUB Financial Solutions who can provide advice.
Look out for scammers
There are people out there who would love to get their hands on your pension savings. They are really clever and will come across as very professional. Find out how to spot them. And if you’re in any doubt, don’t act on their advice or move any of your money.