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.
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CONTACT DETAILS
HEAD OFFICE
The Pension Planner
Courtwood House
Silver Street Head
Sheffield
S1 2DD
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