UnaVida | Future Holiday Planning?

Future Holiday Planning?

We are persuaded not to use the term “Financial Planning”, so I am wondering what we could use to describe this term instead, as most people spend more time planning their holidays than on their financial planning, perhaps “Future Holiday Planning” could be used instead.

Because when you choose to cease work, or are forced to retire, you will have a complete reversal of your working life situation, instead of having income through the door every month and limited time to spend and enjoy it…

You will have to rely upon your pension pot and your investments to be able to live your life to the full – or otherwise.

I find it quite odd that many people who are only putting aside 5% of their salary or earnings into a pension, somehow believe that they are going to be in receipt of 100% of their full salary at the end of their working life!

The same people rarely look at their pension statements and are quite happy to put up with poor investment performance in their pension, despite the fact that this will relate directly to the income they receive at the end.

It is only then that Realisation dawns upon them, too late, so they often use phrases such as:

“Pensions are no good,” “Got bad advice,” or even – “No one told me to put more into my pension!”

It is your responsibility to safeguard your future, so please do something about it now, whilst you still have some years before you, either to accumulate more capital or take strategic steps to improve your future income elsewhere.

The meaning of Realisation is the achievement of something desired or anticipated.

“he did not live to see the realisation of his dream.”

synonyms: fulfilmentachievementaccomplishmentattainment, bringing to fruition…

If you are over 40, take a serious look at your Future Holiday Planning or Contact Us.

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A pension is a long-term investment that typically cannot be accessed until age 55 (57 from April 2028). The level of pension benefits offered could change depending on the value of your investments (and any income they may generate).

The interest rates in effect at the time you begin receiving benefits may also have an impact on your pension income. The tax consequences of pension withdrawals will depend on your unique situation. In later Finance Acts, tax rates, tax bases, and tax relief may change.

The opinions expressed by Ray Best are meant to inform and educate. Before making any investment decisions always take advice that is pertinent to your investment personality and financial situation.

You are aware that past performance will not necessarily be repeated in the future, but you should be aware that persistent poor performance invariably will.

The value of an investment and the income from it could go down as well as up.

The return at the end of the investment period is not guaranteed and you may get back less than you originally invested.

UnaVida Wealth Management Ltd. is directly authorised and regulated by the Financial Conduct Authority (440577).

The guidance in this website is primarily aimed at a UK audience and is subject to regulation by the Financial Conduct Authority (FCA).

The Financial Conduct Authority does not regulate tax planning, estate planning, or wills and any form of legal documentation.