ABERDEEN FINANCIAL ADVICE

Average pension in Aberdeen

Average pension in Aberdeen

It’s not easy to predict the future and know how much you’ll need for your retirement, but that’s why we’re here to help you.

From our research, we know that people in Scotland typically:

  • Have an average pension of £127,257
  • Have a life expectancy of 77 years
  • Should expect a pension shortfall of £17,652

Wherever you want to retire, you’ll want to do so comfortably with the knowledge that you can afford more than the basics. It takes careful budgeting and planning to achieve the level of freedom and flexibility you’ve worked for all your life, so the help of an experienced financial advisor can be an invaluable part of getting you there.

We’ve helped many people secure a comfortable retirement in Aberdeen, and work with qualified advisors across Scotland who can be there when it matters. After all, getting the financial advice you need at the right time can be the difference between watching the pennies and making memories.

Property market in Aberdeen

Your retirement doesn’t only have to be funded by what’s in your pension pot. It can also be boosted by reconsidering your situation as a homeowner, such as downsizing your home or releasing equity on the property you’re in at present. This can be a great way to free up cash to make your years in retirement all the more comfortable.

The average price of a house in Aberdeen, according to Statista (2021), is £140,357, so you might have the potential to gain from equity release if your house has increased in value or you want to move to a different area.

When you reach the point in your life at which you need financial advice to make the right decision about your home, you’ll get peace of mind from having a qualified advisor by your side. You never know, it might free up funds you never realised you had.

Where do people in Aberdeen retire to?

Financial advice in Cove Bay and Scotland

Cove Bay

As the name suggests, Cove Bay is a coastal area known for its relaxing, village-like feel; it’s located just south of the city across the River Dee. Boasting a fantastic library, a rugged coastline and excellent transport connections to the city, it’s the ideal spot to ease yourself into a care-free retirement.

Financial advice in Westhill and Scotland

Westhill

Aberdeenshire is the sort of place where you can feel connected to both the quaintness of the countryside and the vibrancy of the city—Westhill is a great place to get the best of both of those worlds. It’s only seven miles west of Aberdeen, but it’s positively soul-warming to see how dramatically the scenery can change over such a short journey (plus it’s pretty handy for the airport, too, if you want even more access to different views!).
Financial advice in Bridge of Don, Aberdeen

Bridge of Don

A relatively large area in itself—often dubbed the largest suburb in Europe—Bridge of Don is attractive not least because of its country park space and golf clubs on the outskirts, but also for its proximity to both the city and the sea. Head north up the coast and you’ll find a beach you’ll wish you’d moved near years ago, namely, Blackdog Beach. How else would you want to spend your retired years?

Why you should speak with an advisor

Everybody wants to enjoy a stress-free retirement without financial constraints, so it’s a great idea to get your savings in order as early as possible. With the help of a qualified advisor, you’ll be able to rest easy in the knowledge that you did what you could to have the savings you need when it comes to putting your feet up.

You’re not alone in feeling daunted by the idea of saving enough for your later years, but it’s a feeling that could be put at ease by getting expert help with the planning.

All we need to connect you with a financial advisor in Aberdeen is a little information about you and what you need help with; then, we’ll find you a match and you’ll get an invite to a free 60-minute consultation to work out what’s right for you.

There’ll be no obligation to continue with the financial services from your advisor, but you might be thankful you did when you’re enjoying that first taste of absolute freedom on the coast of Aberdeenshire.

Click to Find a Financial Advisor in Aberdeen

FREQUENTLY ASKED QUESTIONS

Do I Need a financial advisor Do I need a financial advisor

Do I need a financial advisor?

A financial advisor can offer valuable insight and expertise on a wide range of common financial concerns.

Key situations in which a financial advisor is likely to be valuable include:

  • Exploring your options during key life events such as retirement

  • Comparing quotes for pensions or insurance products

  • Investing large sums of money

  • Inheritance tax planning and intelligent saving

How much does an advisor cost How much does an advisor cost

How much does an advisor cost?

The cost of using a financial advisor can vary depending on your needs. You may be able to resolve your issues in a single consultation, or you may benefit from a more long-term collaboration.

At Local Financial Advice we're dedicated to providing a transparent and cost-effective experience for all customers:

  • Free, no-obligation initial consultation - Discuss your issues in detail and make a decision about whether you’d like to proceed before making any commitment.

  • Total transparency - Any costs associated with purchasing any product or service from your financial advisor will be broken down in detail.

How can I speak with my advisor? How can I speak with my advisor?

How can I speak with my advisor?

Many of the advisors we work with are flexible with how they can meet with you.

  • Your advisor will often try to first get in touch with you by phone to talk about the kind of advice you need.

  • If you decide to continue with their advice, advisors can meet you face-to-face. You can discuss any safety precautions the advisor should take if you arrange for them to visit your home.

  • Throughout your time speaking with your advisor, you may receive emails from them. These will often simply be to confirm your information or the details of future meetings you book with them.

Our Service Our Service

Is the advice one-off or ongoing?

The type of advice you need depends on your circumstances.

  • We encourage everyone we connect with an advisor to discuss their financial needs in detail so they can receive the right amount of advice.

  • You may only need one-off advice if you need help choosing a long-term product to support your retirement, such as an annuity.

  • If you need flexibility with your money, you may prefer ongoing advice from your advisor with you speaking every six months or year to see how your money is performing.

  • Whatever help you need, your advisor will clearly lay out the costs involved. These can be one-off costs or recurring, such as a fund management fee.