Retirement Advice
Pension planning advice from our team of expert financial advisers.
Helping you achieve your ideal retirement
Our retirement advice team will give you tailored financial advice, so you can make the best choices for you and your family. And because they’re independent advisers, they don’t just look at our products. If another provider offers a better option, they’ll recommend them instead.
Retirement advice is fully regulated by the FCA and provided by Legal & General Financial Advice, as part of the Legal & General Group.
Our advisers turn your goal into a practical plan
Our advisers will help you:
- Look at your finances and goals, and estimate how much you’ll need when you retire.
- Make sure you’re on track to save enough – and if not, suggest ways of saving more.
- Wrap it all up in a tailored plan that includes clear, practical next steps.
Speak with our advice team
Your first, no-obligation, call is free. You just need to have more than £20,000 saved up in one or more pension pots.
Find out how we can help you achieve your ideal retirement
0808 304 9155
Our team is available between 9am and 5pm, Monday to Friday. Calls may be monitored and recorded.
Simple steps to better choices
Find out how financial advice could help you improve your retirement options.
So what do other customers say?
How much will it cost?
- Prices are easy to calculate depending on the advice we give. For example, a pension review to make sure you’re investing in the best funds and switching them over, is a flat fee of £500.
- Before you agree to advice, our adviser will explain fully the costs and what you’ll receive in return.
- Depending on the pension(s) you have, you may even be able to pay directly from your pension pot, rather than up front.
FAQs
An organisation providing guidance won’t make a personal recommendation. They’ll give you the facts you need and explain the choices open to you. But they’ll leave you to choose what you want to do. When seeking financial ‘advice’ you’ll be asked specific questions about your finances. And after a review of your situation, the adviser will recommend what action you should take.
Yes - products will vary in the features provided, key considerations when looking at options for accessing your pension include:
- Flexibility
- Period of payout
- Lump sum
- Market risk
- Guaranteed income
Our deciding how to use your pension tool aims to help you understand some of the decisions you need to make when thinking about how to use your pension pot.
No - Different providers may have higher rates of payment, different options, features, qualifying criteria and charges.
The options they offer could have different tax implications for you.
Retirement planning goes beyond just picking investments. Financial advice covers everything from managing taxes and benefits to complex financial products like annuities, helping your retirement income last as long as you need it to.
Financial advice can help everyone, regardless of how much you earn or have saved. This service is aimed at people with at least £20,000 in their pension pot. If you have less than that and are aged 50+, you can book an appointment with Pension Wise for free, impartial guidance.
You’ll get access to years of expertise and insights, helping you navigate the complexities of retirement planning. That includes understanding your savings choices, seeing which retirement income products could be best suited to you, and making sure you’re on track to achieve your retirement goals.
It’s never too early to start saving into a pension – in fact, the earlier you start the better. Your money has more time to hopefully grow (though of course its value can also go down). That means you might not have to save as much later on to achieve your retirement dreams – and if you make the right long-term investment decisions you might even be able to retire early.
Even if you're retiring right now, advice can still be useful. Advisers can help you in many different ways. They can show you how to get the most out of your existing assets, top up any gaps in your State Pension, turn your pension pot into the best possible retirement income, find any lost pensions or even put back your retirement if you want to keep saving for a little longer.
The State Pension could make a difference to your retirement - but will it cover your ideal later lifestyle?
For the 2024/25 tax year, the full State Pension is £221.20 a week, if you’ve paid National Insurance for the full 35 years. That adds up to £11,502 a year. Would that support your ideal retirement lifestyle? Of course, you might be part of a couple. The two of you will get £23,004 a year – but that’s much lower than the £28,000 yearly income Which? suggested would be needed for a couple to enjoy a comfortable retirement.
Advice can help you identify other sources and solutions that could help plug any gap between the State Pension and the retirement you'd like.
Retirement Planning Articles
What tax will I pay on my pension pot?
If you’re looking forward to retirement, it’s good to know the best way to take your money without paying too much tax on your pension savings.
What age can I retire?
Whether you're nearing retirement or considering working into your 70s and beyond, there's plenty to think about. We look at a few things that might help you choose the right retirement age.
Looking after your pension in times of uncertainty
It can be hard to know how to look after your pension in uncertain times, and what the best thing to do is. We look at how to take a long-term view of your investments.
Need some help?
Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and using available guidance and advice, before you buy:
Retirement guidance
Pension Wise from MoneyHelper
You can get guidance from the government's free and impartial service to help make your money and pension choices clearer.
The availability of appointments can vary between a few days and several weeks, so if you need guidance, it's a good idea to book an appointment slot now:
0800 138 3944
Monday to Friday 9am to 5pm.
Calls may be recorded and monitored.
Speak with us
Our colleagues in Cardiff are always happy to answer your questions or help you apply for a quote.
0808 296 7335
Monday to Friday 9am to 5pm.
We may record and monitor calls.
Retirement advice
Retirement Advice Service from Legal & General
Our advisers are experts in retirement regulated by the Financial Conduct Authority, so you can trust them to provide impartial advice and a personal recommendation that’s right for you.
0121 221 2724
Monday to Friday 9am and 5pm.
Calls may be monitored and recorded.