Age 45+ and thinking about your retirement?

Given current economic conditions there seems no better time to start planning financially for your future after work. Over the years you’ll have started building the basics for retirement. Now it’s time to pull all your assets, finances and retirement dreams into one place, mapping your route through retirement to make sure your money works for you.

Use Destination Retirement, a free, interactive, online service, suitable for those age 55+, to receive a personal, tailored retirement plan free of charge. It will help you make the most of every penny of your savings, while ensuring you avoid the pitfalls, like paying too much tax, that could spoil your retirement.

Or for those age 45+, Pension Buddy will help you learn the essentials of planning for your retirement by asking a series of simple questions.

Available to Royal Mail Defined Contribution Plan members since 2022, these free to use services are provided by the organisation we have partnered with, HUB Financial Solutions.

Get excited about your life after work and register for Destination Retirement today

Go to the ‘Taking money out of your pension pot’ https://rmdcp.uk/taking-money-out/who-can-help-you-decide-how-to-take-your-money section of the website where you will find all of the information.

Register and follow these simple steps.

1. Input how much money you already have, through savings, investments, pension, property and other income for example. You may want to include a partner too.
2. Plot how much you’ll need and when you’ll likely want it.
3. Determine what your key priorities in retirement are.
4. Receive your personalised retirement plan, showing a realistic view of your retirement and helping to ensure you don’t pay a penny more in tax than you need to. It also shows the most suitable products to deliver the plan.
5. You may choose to make your plan a reality and proceed with regulated financial advice. At this point fees and ongoing charges will be made clear to you and you can decide whether to proceed or not. There is no obligation to do so.