BATH FINANCIAL ADVICE

Average pension in Bath

Average pension in Bath

Have you ever wondered how much money you’ll need to afford the retirement lifestyle you want? If you’re like most people, the answer is likely no. But thinking ahead could help you afford a more comfortable tomorrow.

We did some research to help point you in the right direction. We found that locals in the South West typically:

  • Have an average pension of £127,360
  • Have a life expectancy of 80 years
  • Should expect a pension shortfall of £19,531

To get a better idea of what your future could look like, you’ll need to decide what type of retirement lifestyle you want. Does it mean more travel or perhaps you’d like to go back to basics and live in a quiet village.

No one can know exactly much they’ll need to save, but working with a financial advisor could help you build a solid plan for your golden years. If this is something you’re interested in we can match you with a local expert in seconds.

Property market in Bath

Our homes play a huge role in our lives. For now, your home might be perfectly placed for your morning commute. But will your current home still tick all the right boxes when you retire?

There are many options to consider such as downsizing, renting out a room or even moving in with friends. And if you’re a Bath homeowner, you might have more options than you think.

An advisor can work with you to explore a range of options such as equity release. If you’re 55 or older, you might be eligible to release some of your home’s equity as tax-free cash to spend on a dream holiday or a new kitchen.

The average house price in Bath is £479,524 according to Zoopla data. The improvements you’ve made over the years can add more value to your home, so it’s worth speaking with an advisor if you’re considering selling or simply want to explore your retirement income options.

Where do people in Bath retire to?

Financial advice in Bradford-on-Avon

Bradford-on-Avon

This historic town made the 2021 Sunday Times’ best places to live list. If you’re eager to get away from the hustle and bustle of Bath, it makes for a good alternative. You’ll find familiar riverside views, a characterful town centre and plenty to keep you entertained. Go back to the medieval past as you wander The Shambles or catch the latest exhibition at The West Barn.

Financial advice in Keynshsam

Keynsham

You’ll find this charming town between Bath and Bristol. Keynsham has a rich history - a grand Roman villa lies beneath its cemetery and you can see the remains of its abbey at Keynsham Hams. Today, the town boasts a wealth of amenities such as supermarkets, abundant green spaces and restaurants. You'll also not want to miss the annual music festival for live music and art.
Financial advice in Bear Flat, Bath

Bear Flat

The Sunday Times named this Bath suburb as one of the top places to live in 2020 for its tight-knit community and wealth of amenities. Set on a plateau, Bear Flat offers a calm sanctuary far from the tourists and traffic of Bath. Enjoy the views at Alexandra Park or support your local community by exploring its many independent shops and eateries.

Why getting financial advice is important

Managing a household. Filing your taxes. It can feel like you have a handle on your finances until a rainy day comes along. Or you might be thinking more about money after a big life change. Whatever your circumstances are, it’s always wise to speak to a professional about how you can make the most of your money.

Feeling overwhelmed just thinking about choosing a financial advisor in Bath? We work with financial advisors all over the city to connect locals with expert advice they can trust. And, we can help you take that first step too.

Tell us what kind of advice you’re interested in. We’ll match you with the most qualified advisor for your needs. Finally, they’ll invite you to a free no-obligation consultation to discuss your circumstances in more detail. This free session is a great way to learn more about the financial advice process, fees involved and help you decide if it could work for you.

Learn more about how we help you connect to local financial advice experts, how our free advisor matching service works and why over 900 happy customers rated us Excellent on Trustpilot.

Click to Find a Financial Advisor in Bath

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.