Background

Adrian was referred to us by his brother-in-law as he was being made redundant.

Adrian was seven years away from normal retirement age, but didn’t intend on retiring; he intended to find a similar job to the one he had previously.

Unfortunately, this didn’t work out. With an interest-only mortgage outstanding, Adrian needed advice on the best way forward to meet his obligations and provide a suitable income.

What we did

After assessing his financial situation, we advised Adrian that he could repay his interest-only mortgage. However, given his age, his fund would likely be insufficient to provide the desired level of income for the rest of his life in poor market conditions.

Adrian decided that he would get a less strenuous part-time job, until his State Pension became payable, and withdrew the additional income from his pension fund.

The results

By continuing to work, Adrian was a lot less worried about his mortgage.

He was reassured that he wasn’t taking an unsustainable income from his pension fund; which gave him the confidence to live life to the full.

GET IN TOUCH




    Please read our Privacy Policy.

    CONTACT DETAILS

    HEAD OFFICE

    The Pension Planner
    Courtwood House
    Silver Street Head
    Sheffield
    S1 2DD

    0800 0787 182

    FIND US NEAR YOU

    Read our latest reviews.