Our latest publication in our 'Active Practice' series is entitled 'Successful Retirement Planning' is now available from our website, this guide looks at some important considerations when planning for income in retirement.
Many people spend time thinking about what retirement might look like financially, and this is particularly important now given the stock market recovery we have seen in 2013, albeit against the background of a sluggish economy and continuing low interest rates.
Pension funds have been depleted by higher tax charges, the loss of compounding values between 2008 and 2013 and increased longevity.
It is important to look at how much you need to save to secure your desired income and how your saving can be optimised for tax purposes. The applicable laws and tax regime change over time, as do economic circumstances and market-based solutions. Our publication addresses these issues and more and can be accessed on the following link https://mccleary.wpengine.com/mcclearyandcompanyltdPWP_june13_FU_compcar.pdf