Following your attendance of the seminar, here are some useful actions you may want to consider:
- Consider what lifestyle you want in the future
- Figure out what acceptable income level you will need
- Work out how much you spend now
- Compare current spending to future needs
- Can you get better ‘deals’ on essentials?
- Can you increase savings by reducing expenditure?
- Where are your current savings and investments?
- Can you find a better home for your savings and investments?
- Where will you put any additional savings and investments?
- Obtain a pension forecast from the BT pension calculator
- How much extra will a non-increasing pension give you?
- Calculate your BT pension after Income Tax deductions
- Obtain State Pension forecasts, take them into account
- Calculate the income you’ll need from investments
- How much extra can you get through tax efficiency?
- Consider what immediate action you can take
- If appropriate, obtain some specialist advice
- Book your one-to-one with a my wealth Adviser