(65-75 Retirement Letter)

<Title> <Forename> <Surname>

1st Line Address

2nd Line Address

3rd Line Address

4th Line Address

Date

Your retirement is just around the corner

Dear <Client Name>

Soon you will be thinking about how you use your retirement fund to give you the best retirement income possible. When you come to do this there are now more choices than ever before open to you.

More choice, more freedom, more decisions

In his 2014 Budget, George Osborne announced that he would abolish all restrictions on how we spend our pension savings. These changes became effective from April 2015. Good news? Maybe. More freedom of choice is good as long as you know what choice to make. The right choice can make your retirement; the wrong choice coulddamage it.

Using your retirement fund

There are many ways of using your retirement fund to give you the income you need. There are also many questions you need to consider before you can decide what is best for your unique needs.

  • Do you draw on your retirement fund like a bank account?
  • Do you opt for a guaranteed income for life?
  • Do you need a lump sum?

It’s important to know what your ambitions are as you may be retired a long time. You may need to make your savings last twenty years or more; this means you must make the right choices so you don’t run out of money.

Understanding what happens if you die

There are also choices when it comes to deciding what to do with the retirement fund that remains when you die. The choices that exist and the tax treatment of the remaining fund also depend on how old you are when you die. It pays to consider this when deciding how to construct your retirement income.

Making the right choice

So how do you choose the best way of using your retirement fund?

You need to decide how much income you need. But you also need to understand how much income you can have - the size of your retirement fund will determine this. You also need to decide how to structure your retirement income in the most suitable way. This is where we can help you.

We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.

If you want to start looking at your retirement choices and would like help deciding what to do and how to do it, call us on <telephone number>, at the above address or by e-mail at <e-mail address>.

TAX TREATMENT VARIES ACCORDING TO INDIVIDUAL CIRCUMSTANCES AND IS SUBJECT TO CHANGE.

THE VALUE OF INVESTMENTS AND PENSIONS AND THE INCOME FROM THEM CAN FALL AS WELL AS RISE.

Yours sincerely

<Name>

<Firm Name>

Tax planning is not regulated by the Financial Conduct Authority.