Planning for retirement is a key step toward securing a financially stable and fulfilling future. As you approach this stage of life, many important questions arise: When can you afford to retire? How can you make the most of your pension and other assets? What lifestyle will your savings support? At Berkshire Financial Planning, we help answer these questions, providing clarity and confidence for your retirement journey.
One of the biggest challenges in retirement planning is understanding the value of your pensions, investments, and other assets, and how they can support the lifestyle you want. We help you map out future income, cashflow, and potential tax implications, ensuring your retirement is as tax efficient as possible. By analysing your current arrangements, including pensions, properties, and business interests, we work with you to create a plan that maximises your resources for the years ahead.
Using sophisticated cashflow planning tools, we can help visualise different “what-if” scenarios, allowing you to see how various decisions might impact your future. Our approach is practical and straightforward, helping you navigate complex pensions and investment options without jargon, so you can confidently prepare for retirement.
Whether you’re still building up your savings or planning your retirement income, we are here to support you every step of the way.
Our Retirement Services
We offer a range of services, including:
The value of an investment with St. James’s Place is directly linked to the performance of the funds you choose, so the value can go down as well as up. You may get back less than you originally invested.
Our first meeting with you is completely without obligation. We view this as a discovery meeting, where we explore your aspirations and understand how we might assist you in achieving your goals. This meeting typically lasts half an hour to an hour.
The aim of the meeting is two-fold:
To determine if you’re on track to meet your goals and objectives, your Financial Planner will need to gather detailed information about your current financial situation. You may also be asked to sign ‘letters of authority’ (LOA), allowing us to liaise directly with your existing product providers to obtain information that may not be available in your regular correspondence.
Before any chargeable work begins, we will arrange a brief follow-up meeting. The purpose of this meeting is to:
This follow-up meeting ensures that you feel comfortable with the advice being provided, understand the reasoning behind it, and have the opportunity to ask any questions before we proceed with a formal recommendation report.
At this meeting, your Financial Planner will present a detailed Financial Planning Report, outlining the reasons for their recommendations and how your financial plan will be implemented.
You will also receive illustrations, documentation, and a reconfirmation of the costs associated with both the initial and ongoing advice and services.
Your Financial Planner will take care of all the necessary paperwork to make you a client of ours and establish your financial plans.
If your plan involves existing arrangements, your Financial Planner will work on your behalf to liaise with third parties, ensuring there are no unnecessary delays in transferring your investments or pension.
Once your investments and pensions are in place, you will receive investment certificates by post. Going forward you will receive quarterly and annual statements of your investments and pensions. You can also access your Wealth Account via the SJP App.
We take pride in building long-term relationships with our clients. Ongoing advice is essential, as your needs and objectives are likely to evolve over time. The ongoing advice fee you pay grants you access to your Financial Planner throughout the year. If your circumstances change or you wish to discuss anything, you can contact your Financial Planner at no additional cost for ad-hoc meetings.
We will reach out to you annually to schedule your formal review meeting. It is important that you engage with your Financial Planner to ensure this crucial review is conducted.
VouchedFor is an independent service which allows individuals to review their financial advisers. Berkshire Financial Planning have been highly recommended by the people we work with.
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