Retirement planning

When it comes to thinking about your retirement, it’s never too soon to get started. In an increasingly uncertain financial landscape, now is the time to ensure you have access to the expert retirement advice you’ll need.

More than ever, it’s vital to make the most or your retirement opportunities. We will help you set up or review your existing retirement strategy.

We offer a full range of expert advice and services across all areas of retirement planning. Whether you’re looking to maximise your pension fund, you’re nearing retirement yourself, or you’re managing employee retirement, speak to us today.

Our retirement planning advice and services give you the help you need to make the most of your retirement opportunities.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Pensions - Getting Started?

Your retirement is likely to last 20 or 30 years or more. The best way to help provide enough money to live on in your retirement is to save regularly in a pension throughout your working life. The sooner you start paying into a pension, the greater the chance you’ll be able to save enough to achieve the standard of living you’re hoping for when you retire.

Learn why with just a bit of planning today, you can boost your chances of enjoying a comfortable lifestyle tomorrow.

Despite the ever-changing pensions landscape, pension planning and saving for your retirement are still as vital as ever. Pensions remain highly efficient, offering tax relief at your marginal rate of income tax on your contributions.

Pensions Freedom

The Pension Freedom Reforms, implemented in April 2015, changed retirement planning significantly.

Individuals now have full access to Defined Contribution (DC) pensions from the age of 55, with unrestricted income available, subject to paying their marginal rate of Income Tax on any taxable withdrawals.

It is still possible to take up to 25% of the pension fund as tax-free cash.

DC pensions can now be passed to anyone after death, not just a dependant.

Income taken from a DC pension by beneficiaries will be tax-free, if death occurs before the age of 75 and at the beneficiary’s marginal rate, if death is later than this.

Pension Tax Relief

Pensions have long been seen as one of the most tax-efficient forms of investment – and tax relief continues to be a considerable advantage to the millions building a fund for retirement. 

At the moment, the government automatically tops up your pension contributions with tax relief at 20% (so for a £100 contribution you only need to put in £80).  But relief rises to 40% if you are a higher rate taxpayer, and 45% for additional rate taxpayers.

Chancellor Rishi Sunak has announced that the pensions lifetime allowance will be frozen as part of his Spring budget. The current allowance is £1,073,100 and was expected to rise in line with inflation – but now it will be held until April 2026.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Any tax relief over the basic rate is claimed via your annual tax return.

Planning your retirement

Successful retirement planning is about making the right decisions at the right time. We will discuss the opportunities open to you and outline which products best fits your circumstances.

Maximising your pension fund

Maximising your pension fund should play an important part in your planning. We offer help in tapering your annual allowance, carrying forward unused reliefs and protecting your lifetime allowance.

Nearing Retirement

As your retirement approaches, getting the right support can make a huge difference. We will give you specialist advice to help you understand everything from pension drawdowns to purchasing annuities.

Workplace Pensions

We work with employers and employees to ensure they understand the requirements for pensions. Pension legislation has changed in recent years and the introduction of Auto Enrolment effects all workplace pensions.


We offer expert and professional advice to the self-employed, which focuses on your individual requirements. When it comes to pension planning for the self-employed, a bespoke, personal approach is key.

Self-Invested Pension Plan

Self-Invested Pension Plans (SIPPs) can give a much wider range of investment opportunities than those available through most of the more traditional pension plans, including much greater flexibility.


We understand the concerns facing trustees and we’ve developed a number of solutions that can help. We will help you create a strategy for incorporating cost-effective actuarial and administrative services.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Get in touch To Find Out More

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