Who can help you decide how to take your money

You can get expert help from HUB Financial Solutions

If you’re thinking about retiring, and are aged between 45 and 73, HUB Financial Solutions can help you decide how to make the most of your pension. They’re a team of retirement specialists who are focussed on finding the right financial solutions for people approaching, or in retirement.

Pension Buddy – When you’re starting to think about planning for retirement, Pension Buddy can help cut through the clutter. It’s a free-to-use online service that provides valuable information and guidance designed for colleagues aged 45-65.

  • It creates a personalised Pension Buddy Plan in less than 5 minutes, giving you information that’s tailored to your circumstances. 
  • And the Retirement Health Check helps you find out how financially fit you are for retirement. It shows what your pension savings may be worth in the future and compares this to the amount you might need to live comfortably during your retirement. 

When you’re ready to set things in motion, you can choose from the following services:

Destination Retirement – designed for colleagues aged 55-73. It provides a free personal retirement plan showing what your life after work might look like and how far your money may go. Destination Retirement will:

  • Pay you an income, so you can live your life
  • Make sure your income is as tax efficient as possible, so you get the most from your money and you don’t pay a penny more tax than you need to
  • Deal with all your pension and savings providers on your behalf. HUB Financial Solutions will take care of the admin
  • Give you access to our specialist team throughout your retirement, HUB Financial Solutions will help you on your journey
  • Ensure that you have the ability to adjust your plan at any time 
  • Help protect you from running out of money so you can be confident in your retirement

As with any investment, your capital is at risk. This means that your investments may go down as well as up and you may get back less than you invest.

Guided Annuity Service – A non-advised service that helps you choose an annuity that’s right for you, using the money in your Royal Mail Defined Contribution Plan.

To find out more about the retirement options which are available to you visit http://www.hubfinancialsolutions.co.uk/royalmail

There’s lot of free information and guidance out there too

However much you’ve saved in your pension pot, there are people who can help you think through your options. Pension Wise is a government service offering free, impartial guidance to anyone over 50.  Call them on 0300 330 1001 – you can talk to them over the phone or arrange to meet them face to face.

Pension Wise only provide guidance, not advice, but you might want to contact them for an overview of your options some time before you engage with HUB Financial Solutions who can provide advice.

Look out for scammers

There are people out there who would love to get their hands on your pension savings. They are really clever and will come across as very professional. Find out how to spot them. And if you’re in any doubt, don’t act on their advice or move any of your money.

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