Delaying Retirement

Today Tony talks about delaying retirement, and why many have now considered working for much longer than they previously hoped.

KEY TAKEAWAYS

• The pandemic has forced a nationwide rethink of finance in general, and how we manage our money. As a result, many over the age of 50 have delayed plans to retire.
• While some will choose to work for longer, the key consideration is that the pandemic has affected plans, rather than personal choice.
• There are five key positive reasons to delay taking your pension:
  • Your pension has longer to grow
  • Maximise your savings potential
  • Your employer will keep topping up your pension
  • Tax relief until the age of 75
  • Delaying state pension can boost your pension payments

BEST MOMENTS

'These figures are significantly higher for the over-50s'

‘People have been forced to rethink retirement plans because of the financial impact'

ABOUT THE HOST

Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

“Live For Today, Invest For Tomorrow”

CONTACT

Tony's official website: https://ttwealth.co.uk/

Facebook: https://www.facebook.com/TonyThomas.IFA/

LinkedIn: https://www.linkedin.com/in/tonythomas2/

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