Expert Pension & Retirement Planning in Dorset
Planning for retirement is one of the most important financial decisions you will make. At Ward Goodman, our pension retirement planning services are designed to help you secure a comfortable and financially stable future. Whether you are reviewing existing pension arrangements, exploring income options, or seeking expert advice on tax-efficient strategies, our financial planners provide the guidance you need.
Understanding your retirement options can be complex, but we simplify the process by offering clear, independent advice. From analysing preserved pension benefits to structuring corporate pension schemes, we ensure your retirement plan is tailored to your unique financial goals.
With a focus on maximising your pension income while managing risk, our specialists work with you to develop a personalised retirement strategy that aligns with your lifestyle and long-term aspirations.
Ward Goodman supports clients across Dorset from our offices in Ferndown and Shaftesbury. Whether you prefer in-person consultations or a mix of remote and face-to-face meetings, our local teams are here to help you make confident and well-informed retirement decisions close to home.
Our Pension & Retirement Planning Services
Analysis of Preserved Pension Benefits
We assess your existing pension benefits, helping you understand your options and maximise your retirement income.
Income Options at Retirement
We explore different ways to generate income in retirement, including annuities, pension drawdown, and other flexible withdrawal strategies.
Self-Invested Personal Pension (SIPP) Advice
SIPPs provide greater investment flexibility for your pension savings. We help you determine whether a SIPP is right for you and guide you through the setup and management process.
Small Self-Administered Schemes (SSAS) Advice
SSAS pensions offer business owners and directors greater control over retirement planning. We advise on SSAS benefits and compliance requirements.
Corporate Pension Schemes
We assist businesses in structuring and managing pension schemes that align with company objectives while ensuring employees receive competitive retirement benefits.
How Our Pension & Retirement Planners Can Help
Tailored Retirement Planning
Our experienced financial planners help you navigate the complexities of retirement planning by providing tailored advice based on your financial situation and future objectives.
Pension Benefit Review
We conduct a thorough review of your preserved pension benefits to ensure you fully understand your entitlements and the best ways to optimise them. Our expertise covers a range of retirement income options, including annuities, drawdowns, and tax-efficient withdrawal strategies.
Self-Invested Retirement Solutions
For those seeking more control over their retirement savings, we provide expert advice on Self-Invested Personal Pensions (SIPPs) and Small Self-Administered Schemes (SSASs), allowing greater flexibility in investment choices. Additionally, our corporate pension planning services support business owners in structuring pension schemes that benefit both employers and employees.
Ongoing Retirement Strategy Reviews
Our ongoing review process ensures that your retirement strategy remains aligned with changes in pension regulations, economic conditions, and your personal financial goals.
Meet Our Pension & Retirement Planning Experts
Our pension retirement planners are committed to delivering tailored services, ensuring your financial needs are met with expertise and confidence.
Frequently Asked Questions
Throughout life, preparing for retirement is one of the most significant financial decisions you will make. Whether you’re approaching retirement, reviewing your pension options, or looking to maximise your income in later life, a well-structured retirement plan can provide long-term financial security. With expert guidance, you can ensure your pension works for you, helping you achieve a comfortable and stress-free retirement.
What are my options for accessing my pension at retirement?
You can access your pension through annuities, flexible drawdown, or lump-sum withdrawals. We help you understand which option best suits your financial goals.
How do I know if my existing pension plan is suitable for my retirement needs?
We review your preserved pension benefits in detail to check they align with your retirement objectives. If needed, we suggest adjustments to improve performance, flexibility, or tax efficiency.
What is the difference between a SIPP and a SSAS?
A SIPP – Self-Invested Personal Pension – is an individual plan offering a wide range of investment options. A SSAS – Small Self-Administered Scheme – is designed for business owners and directors, offering greater investment control and flexibility for company-related pension planning.
How can I ensure my pension is tax-efficient?
Tax efficiency can be improved by making the most of pension contribution allowances, structuring withdrawals to reduce tax liability, and considering inheritance planning strategies.
Do I need a financial advisor for retirement planning?
While you can plan your retirement yourself, a financial adviser can help maximise returns, manage tax, and create a personalised, sustainable income strategy.
Can I take my pension before age 55?
In most cases, you cannot access pension funds before age 55 (rising to 57 in 2028) without significant tax penalties, except in cases of ill health or certain protected rights.
What is pension drawdown?
Pension drawdown allows you to keep your pension invested while taking a flexible income from it. This offers more control but also carries investment risk.
What happens to my pension when I die?
Your pension can be passed to nominated beneficiaries. If you die before age 75, it may be paid tax-free. After age 75, beneficiaries usually pay income tax on withdrawals.
How much can I contribute to my pension each year?
The annual allowance is typically £60,000, but may be reduced for high earners. Unused allowances from the previous three tax years may be carried forward.
The Process
Initial referral or inquiry
Whether you’ve been referred or inquired yourself, our team will reach out to you in a timely manner
Free consultation
We offer a no-cost, no-obligation meeting at one of our offices, or over the phone
Quote and setup
We’ll provide you with a tailored quote and when you’re ready, our tax advisors will begin services
Book a Meeting
If you would like to discuss further, please book a meeting with an experienced member of our team. Simply let us know when’s best for you and we will get in touch to arrange a suitable time.
Why Choose Ward Goodman?
Client satisfaction is paramount to us. We have a broad range of clients, and we endeavour to offer them the best tax planning service possible through continuous improvement and focus on doing things right the first time.
Experienced Advisors & Accountants
Our Dorset-based team can advise and support any size of business locally or nationwide.
Bespoke Financial Advice & Tax Planning Service Packages
Flexible, bespoke service covering all aspects of tax planning.
Access to a Full Team of Finance Experts
From our Financial Advisors to Pension Advisors.
Our Awards and Accreditations
Ward Goodman’s excellence in accounting and tax advice is validated by notable awards and accreditations within the UK financial industry.
AAT Qualified
Xero Certified
ICAEW Membership
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