Funding your retirement
Whatever your plans are for your post-work years, you’ll need an income to help you achieve them. While your NHS pension will provide a starting point, it may not be enough to cover all your plans.
If you’re thinking about travelling the world, retiring early or you simply want to enjoy the finer things in life, you’ll likely need additional income.
At Wesleyan Financial Services, we can build a personalised income plan to help you fund your retirement and boost your NHS pension benefits. We can also help you adjust your plan throughout your retirement, as and when your circumstances change.
If you’re a doctor with private income or a GP partner trying to understand your business exit strategy, we can help you understand your options too.
Explore your retirement options
Partial retirement
Want to start drawing your pension but aren’t quite ready to say goodbye to your patients? If you don’t want to retire just yet or you’d like to continue adding to your post-work fund, you might be weighing up an alternative route into retirement.
We can talk you through your options, from taking partial retirement to the NHS ‘retire and return’ route.
Early retirement
If you’re looking to call time on your career early, we can advise you on your options for taking an early retirement.
Your Specialist Financial Adviser can explain how retiring early may affect your NHS Pension benefits, how much money you’ll need to retire at your chosen date and any other questions you might have.
Helping you understand your NHS pension
While the NHS Pension Scheme provides a range of benefits, it isn’t always the easiest to understand. We’re here to cut through the jargon, explaining everything from the McCloud Judgement (age discrimination ruling) to pension taxation.
As your NHS pension will play a key part in funding your retirement, it’s important to decide when and how you’ll access it. This will impact what your retirement looks like, including when you can realistically retire.
We can help you:
- Explore all your pension options
- Make the most of your benefits
- Discover ways to invest your pension lump sum
- Plan alongside a partner
Are you on track for retirement?
As part of your retirement planning, your Specialist Financial Adviser can provide a full pension assessment report. This will show you how on track you are to meet your retirement goals. We can then create a personalised plan to help you get there sooner.
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Could recent tax changes impact you?
In 2023, the Government raised the annual allowance, and announced that the lifetime allowance was to be abolished altogether. These changes could have a huge impact on your pension and retirement planning, but your Specialist Financial Adviser can help you make sense of it all.
How our advice works
When it comes to helping the hard workers of the health service, we have a wealth of experience. As many of our Specialist Financial Advisers exclusively work with medical professionals, you’ll always get retirement advice tailored to your profession.
To get started, we’ll match you with an adviser in your area. They can meet you online via video call or at your home or medical practice.
Whether you want a one-off financial review or you’re looking for ongoing planning support, your adviser will be on-hand ready to help.
Join the Retirement Club
When you get pension and retirement advice from Wesleyan Financial Services, you’ll get an exclusive invite to join our Retirement Club.
As a member, you’ll get private access to a range of guides and tools designed to help you transition into retirement and beyond, as well as regular updates on the financial topics that matter to you.
You might also be interested in…
Retirement planning guide for medics
In this guide, we take a look at some of the things you might want to consider before calling time on your career – from how much money you might need to retire to why it always pays to plan ahead.
NHS pension and early retirement
Want to stop working sooner rather than later? This guide shows you how and when you could take early retirement from the NHS – from how benefits are calculated to tax considerations.
Partial retirement
For some, stepping back from the workplace can feel daunting. For others, giving up work entirely simply isn’t financially practical. See why partial retirement is becoming the go-to choice for many.
How much do I need to retire?
Planning for life after work is an exciting prospect, but knowing how much you need for a comfortable retirement can be tricky. Learn more in this guide.
Wesleyan Financial Services partners with…
The RCGP, RCOG and FMLM are introducer appointed representatives of Wesleyan Financial Services Limited.