3 ISSUES FOR JUST £3 Subscribe to Essex Life today click here

Promotional Feature: Investing in your Future

PUBLISHED: 12:23 13 August 2014

Neil Hewitt

Neil Hewitt


Neil Hewitt, chartered and certified financial planner at Scrutton Bland, shares his expert insight into the world of investing for your retirement

In this series of articles we have considered the planning issues in the lead up to retirement, the decisions at the point of retirement and the need to review your strategy on a regular basis and passing wealth to family. What else may you need to consider?

As we retire, our expenditure can actually increase as we are initially more active — perhaps more travelling and eating out more often. The passage of life may lead to us becoming less active as we become older and therefore our expenditure falls and may remain low for the rest of our lives.

However, there is a big and increasing risk that, as we all live longer, we may need care or to enter a care home in later years. Care costs can be very high and so our expenditure needs may spike at this point. Much of this care expenditure may be met from your pensions and/or investment income. It is unfortunately not uncommon in this situation for there to be a shortfall of income to be met.

It is for this reason that you need to ensure that you protect your financial security in earlier years and consider carefully your investment strategies and ask if these allow for future possible care costs. You need to consider very carefully plans to gift capital asking yourself: will this have adetrimental impact on your financial security? Will you have access to all your capital?

Ideally any investment strategy you have put in place will be able to cater for a change in objectives/needs. If not, you may need to review and change

the strategy.

What will happen to your home if you move into care? It will possibly be sold and the proceeds can then be added to your other capital to help fund your expenditure needs. Does your need for income conflict with inheritance tax objectives and can these be reconciled?

These can be quite daunting and complex issues and decisions to be made at a time when you may be very frail or even have lost capacity. Do you have in place the means for someone you know and trust to step in and act on your behalf as an appropriate power of attorney?

As you can see, there are many issues at this point in life that need to be addressed along with those covered in the previous five articles. You should look to address all of these as early as possible and review on a regular basis. Ideally you should seek advice from a chartered and/or certified financial planner who will guide you through the options and decisions you will face along the way to meet your ever-changing needs.

If you would like to arrange an initial meeting, without obligation, please contact 01473 259201 or email neil.hewitt@scruttonbland.co.uk.

Scrutton Bland Limited is authorised and regulated by the Financial Conduct Authority.


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Essex Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Essex Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Essex Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Essex Life

Yesterday, 13:55

For those still figuring out how to spend your Friday through Sunday, we’ve rounded up 5 of Essex’s best things to do to ensure no second of your weekend is wasted

Read more
Friday, September 21, 2018

James Merriott continues his watercolourtour of the county with a visit to a village he feels sure would inspire the very greatest artists

Read more
Thursday, September 20, 2018

The history and heritage of our county’s historic homes is not only contained within their walls but it also stretches out into the land surrounding it. We’ve found 11 great walks that allow you to experience that history first hand

Read more
Tuesday, September 18, 2018

Neil Oliver is perhaps best known for his role as the presenter of the BBC’s Coast series, but he is about to embark on a quite different tour of the UK, calling in at Southend. Kate Everett found out more

Read more
Tuesday, September 18, 2018

Essex-raised TV personality Andy Day has been a favourite on BBC children’s channel CBeebies for over 12 years. Now he’s branched into music, touring nationwide with his family-friendly band, Andy and the Odd Socks. Here he tells Denise Marshall about his Glastonbury debut, fighting bullying and becoming a father

Read more
Tuesday, September 18, 2018

Stephanie Mackentyre continues her tour of Essex’s best dining venues and this time stops off at The Alma Inn on Harwich’s King’s Head Street

Read more
Friday, September 14, 2018

We reveal the finalists for the Pride of Essex award: Sponsored by East of England Co-op

Read more
Friday, September 14, 2018

We reveal the finalists for the Best Essex Producer award. Sponsored by Bellefontaines’ Jewellery & Watches

Read more
Friday, September 14, 2018

We reveal the finalists of the Best Independent Food & Drink Retailer award. Sponsored by Cooper BMW and Mini Colchester

Read more
Friday, September 14, 2018

We reveal the finalists for the Restaurant of the Year award. Sponsored by Wilks & Co. Wine Merchants

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Follow us on Twitter

Like us on Facebook

Topics of Interest

Food and Drink Directory

Local Business Directory

Job search in your local area

Search For a Car In Your Area

Property Search