Welcome to CharterGroup
Financial Management.

We are a small network of Independent Financial Advisers directly regulated by the Financial Services Authority, and mainly linked to firms of Chartered Accountants in The CharterGroup Alliance.

Retirement

At some point in our lives, we will want to stop working. You may have heard the term “Financial Freedom date” This is the date when you work because you want to rather than have to. From the information you provide us with, we can work out when the earliest this may be in your situation, and we can even show you ways to bring this date forward.

Things to consider: Retirement couple

·         What your business may be worth when you retire

·         Will you be passing the business on?

·         Can you continue to draw an income from it, or can you sell it?

·         What your other assets/ investments are

·         What things you would like to be able to do in retirement, and therefore how much income you may need.

·         Where will you live? Will you downsize, or would you like a house big enough for children & grandchildren to visit?

·         What pension arrangements have you already got? How much are they worth? What fees are you being charged? How are the funds performing? How much risk are you prepared to take with your investments and how does this compare to what you have?

·         Do you want to invest in property for your pension? Can you do this and still get tax breaks?

·         What about long term care?

·         What about passing money on to children/grandchildren?

How we can help:

·         Inheritance tax planning – how to have your cake and still be able to eat a proportion yourself

·         Analysis of current pension arrangements

·         Determine what benefits you may get from state pensions and/or company pension schemes

·         Set up SIPP or SSAS schemes to give you greater control over your pension planning.

·         Cashflow forecasting to work out how long and how much you need to save to make sure you have enough income for your whole life

·         At retirement planning – potentially you can get up to 30% more income by shopping around at retirement for your annuity, or you may want to take “income drawdown” –we can help you understand the myriad of terms and options available to you and guide you through the maze of options you could take.

·         Long term care planning- whether you need to go into a home or need care at home advice about funding and state benefits is essential, we can help with this.

·         You may need to increase your income at retirement by drawing on the equity in your property, we can advise on this too.

·         Planning on retiring abroad? We have specialist knowledge to make sure you get the best deal and tax breaks available depending upon where in the world you end up.