Please note that the output of the retirement planner is provided for information only and does not constitute individual advice. It is intended as a prompt for further reflection and discussion from which a need for advice may be identified.
Any projected retirement income figures produced by the planner are based on assumptions and in no way guaranteed.
A pension is a long-term investment. The value of an investment and the income from it could go down as well as up. The return is not guaranteed and you may get back less than you originally invested.
The Retirement planner makes reference to equity release. It is important to be aware this is a specialist area of advice and is not suitable for everyone. Equity release is a lifetime mortgage – ask for a personalised illustration to understand the risks and benefits.
Using equity release may reduce the inheritance an individual is able to leave, and it may impact on means tested state benefits.