For the self-employed, retirement can be a scary prospect. With no employer handling the saving of a workable pension, it can be altogether too easy to bury your head and totally ignore the problem. However, this isn’t a solution, and by the time you realise how crucial a decent pension is, it could be far too late.
At the end of the day, saving up a proper pension fund doesn’t have to be all that difficult, it just takes a long time and a little bit of know-how. Understanding the best ways to save in order to make the most of the right savings accounts, and avoid tax trouble is the most important thing.
To that end, you need to make sure you do your research, understanding everything you need to. Beyond that, it can be extremely helpful to have an independent financial advisor in Leicester on hand to help you out when it comes to making sure you’re going the right route.
Prioritise your Pension
As I said before, it’s very, very easy to just carry on working as you are without putting any real thought to retirement and the future. Especially when you’re not quite making enough to make saving seem very easy, it’s a tough proposition to think about putting cash away.
But the fact is that without a decent pension waiting for you, you could end up working much later than you really want to, and putting any retirement dreams you might have on hold.
Sure, it’s an extremely rewarding lifestyle, being your own boss, controlling and shaping your business, but when it comes to pensions and other important things, you cannot afford to neglect them.
The most important thing to do is start prioritising your pension as soon as possible, because if you leave it too late, you’re going to struggle to save enough, and probably end up working later than you otherwise would have done.
Get Advice!
Fundamentally, the best way to go when it comes to securing the best possible retirement plan is to get advice from the experts. Going to the people that really know what they’re talking about allows you to trust that you’re doing the exact right thing.
There’s a lot of different elements when it comes to planning the ideal retirement package. You need the right savings accounts, you need to incorporate your pension saving into your tax declarations and you simply need to make sure you’re saving the right amount.
Going to a professional independent financial advisor can do all that, and let you stop worrying and simply get on with working. Through a five-stage client journey, Santorini Financial Planning can help you get your retirement planning on track.
If you’re done with worrying about your pension, and ready to start putting together the dream retirement, call Santorini Financial Planning on 01509387029, or drop us an email at info@santorini-fp.co.uk, and we’ll be happy to help you start planning your financial future.
