Retirement journey progress

  • 1

    Customer qualification

    Done
  • 2

    Customer fact find

    Done
  • 3

    Initial meeting

    Today
    • Funding your retirement
    • Your retirement income needs
    • Your retirement goals
    • Goal prioritisation
    • Your retirement plan
    • Your plan - next steps
  • 4

    Follow-up review

Hello again,

Thank you for sitting down with us today!

User profile image - couple with children Change your profile details? Change details?

Your retirement advice journey

Over the next few minutes, we will go through the key elements of your retirement, focusing on getting you the lifestyle that you want.

Let's take a look at your options for retirement.

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7
  • Our goal is to make sure you have the best retirement you can. We'll add notes here on things you might need to think about.

We are assuming that:
  • All contributions will remain as they are until retirement.
  • This is a defined contribution scheme.
  • No other contributions (including from your employer) are being made.
  • No other contributions are being made.
  • All parties are tax payers.
  • No parties have applicable carry-over allowance.
  • The lifetime allowance does not apply.
  • The entire initial pension lump benefits from £40k basic rate tax relief.
  • You and your partner want to plan for shared household expenditures and goals.

Funding your retirement

We just need to check these values are still accurate, so we can use them in your personal retirement plan.

User profile image - couple with children

, you want to retire in years.

, you want to retire in years.

To fund retirement, has:

Savings , plus / month

Investments , plus / month

Pensions , plus / month

Edit these values

To fund retirement, has:

Savings , plus / month

Investments , plus / month

Pensions , plus / month

Edit these values

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7

We are assuming that:
  • Your savings will grow to .
  • Your investments will grow to .
  • Your pensions will grow to .
  • Your partner's savings will grow to .
  • Your partner's investments will grow to .
  • Your partner's pensions will grow to .
  • You will both receive a full state pension.
  • The state pension income will effectively consume your tax-free personal allowance.
FINDME -
- Check whether we can put some variables into the admin UI in step 1
- ? Add contribution from employer field - monthly? Grow without tax relief if so.
- Add all the growth / loss / inflation / charges / etc rates to the assumptions block
- Add the retirementProjectedAssetValueObj data to a chart accessible in a drawer or modal
- Add a "Take retirement from state pension" goal here?
- Consider adding something to the admin UI to show -- an option for "Take state pension at earliest opportunity" or allow automatic deferring

How much might you spend in retirement?

You currently spend each month, so let's start there

User profile image - couple with children

You will need a pension income to cover the equivalent of this expenditure, starting in years.

Housing and essentials

Everyday lifestyle

‘Nice-to-haves’

Edit these values

  • You will need a sustainable income of in retirement, assuming nothing changes.
  • When you retire, some costs such as going to work and paying a mortgage can disappear, but you might gain new ones such as traveling or hobbies.
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7

  • We are assuming that your mortgage is not ‘interest-only’.
  • We are assuming that your mortgage is not ‘interest-only’.
  • We are assuming that you will not have finished paying off your mortgage before retirement.
  • We are also assuming that your monthly rent continues in retirement.
  • We are assuming that you will not have finished paying off your mortgage before retirement.
  • We are assuming that your monthly rent continues in retirement.
  • We are assuming that you will continue to have no housing costs in retirement.
FINDME -
- Deal with future mortgage not needed
- Add something to deal with interest-only mortgages

What kind of retirement would you like?

More activities will affect your spending in retirement, and so will need planning for.

User profile image - couple with children

Travelling

You might want to travel or take longer holidays and see more of the world.

New hobbies

You might have hobbies or sports you're looking forward to starting or doing more.

Bequests

You might want to leave some money for people, or charities, after you die.

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7

  • We are assuming ...
FINDME -
Rewrite the retirementExpendituresObj:
- Use the getter setters rather than retrieveData and storeData for adding a new item
- Use the getter setters rather than retrieveData and storeData for removing an item
- Use the getter setters rather than retrieveData and storeData for the collection
- Move out of the root and into the actual goal

How would you prioritise these goals?

Add, edit or remove goals, and sort them into priority order

User profile image - couple with children

All goals in your plan. You can re-arrange these by dragging, using the ⠿ handle.

Add a new goal
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7

  • We are assuming ...
FINDME -
SHOW the PRIORITY number?
- Add to admin UI - should essential expenditure be locked?
User profile image - couple with children

Without our plan you have

Your current position

With our plan you have

Your planned position

You can edit goals to change their impact.

Add a new goal

Let's work out the next steps based on your goals

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7

  • For our plan, we will assume that you want to maintain your current lifestyle, but that you might be willing to sacrifice some of the little luxuries if necessary.
  • We will factor in the current values for state pension payments for each of you as you reach retirement age.
    • The exact amount you receive will depend on your specific circumstances at retirement.
    • Your adviser will be able to help you understand the impact of this.
FINDME -
- make state pension editable through admin UI
Make it possible to compare before and after for BOTH goals and cashflow
Before and after (with or without plan), goals and charts (magic wand)
ADD a page loader with lots of text (adding, sorting, optimnising, prioritising...)
add the option form content
Trigger the drawer better!
Add the chart via trigger
Suitability report should show before and after
Add market conditions and market crash
Add pills for options selected (templated)
Stress test: Add a trigger to run some drama and recalc using different rates
close menu

Your plan - next steps

Taking control of your financial future is a big step.

We're glad to be able to help you take it, and we will always be here to help you in the future, too.

User profile image - couple with children

Your new pension goal

Building up the that you need to meet your retirement goals is something that we can start now.

You have a surplus with your existing approach, so don't need to create a new pension plan today.

However, you might still benefit from reviewing your current plan with your adviser, who will be able to suggest ways in which it might perform more effectively.

In years, you want a sustainable pension income of

That means you need an extra pension pot worth around .

ATR = 4 of 6 4

£0

/ month

years+

In years, you want a sustainable pension income of

It's important to review this position regularly to ensure you remain on track - your adviser is here to help with that.

In years, you could have grown your pension pot by

If you would like to make this change, speak to your adviser.

To make this plan happen

In our regular reviews

You will need to:

We will ensure that you:

  • Make proper use of tax-efficient investment and withdrawal strategies.
  • Switch to investments with lower charges, to get more growth over time if appropriate.
  • Remain on track for the financial future you want.
  • Use some of your current disposable income to build a new pension pot.
  • Give your adviser more details on your current investments, so that they can tailor your plan perfectly.

Your adviser is here to help.

Tax-efficient investment strategies

Our tailored advice plan will make full use of the most tax-efficient investments, and we will review your plan with you every year to make sure it's still giving you the financial future you want.

Changing your spending

Your current monthly spending balance

Your planned monthly spending balance

Making this change is essential, as it provides the regular contributions that you can add to a new pension pot.

Investments and pensions

Your adviser will ask you for copies of investment policies, which you can upload through our portal.

We will then process those and tailor your personal action plan, which we will then take you through.

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7
  • We will factor in the current values for state pension payments for each of you as you reach retirement age.
    • The exact amount you receive will depend on your specific circumstances at retirement.
    • Your adviser will be able to help you understand the impact of this.
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7
  • ?

  • For our plan, we will assume that you want to maintain your current lifestyle, but that you might be willing to sacrifice some of the little luxuries if necessary.
  • We will factor in the current values for state pension payments for each of you as you reach retirement age.
    • The exact amount you receive will depend on your specific circumstances at retirement.
    • Your adviser will be able to help you understand the impact of this.
FINDME -