CAMBRIDGE FINANCIAL ADVICE

Average pension in Cambridge

Average pension in Cambridge

Saving up for your future retirement can be tricky if you don’t know how much to save. You’ve been saving for years, but will your pension pot be enough to give you the retirement you deserve? Comparing your savings to Cambridge retirees can help you understand what to aim for.

We’ve found that people in Cambridge usually:

  • Have an average pension of £130,395
  • Have a life expectancy of 80 years
  • Should expect a pension shortfall of £17,366

Everyone deserves peace of mind that their hard-earned savings will support them through their golden years. With proper planning, you could enjoy a comfortable retirement and achieve your financial goals.

Getting expert financial advice can help you build a roadmap to your ideal retirement. Our service makes it easy to get started and we’ve helped countless Cambridge people connect with the expert advice and support they need.

If you’d like to speak to an expert, you’ll be invited for a free consultation where you can discuss your options and find out whether advice could work for you.

Property market in Cambridge

When you think of saving for retirement, your pension might come to mind. But, if you’re a Cambridge homeowner, you have many more income options to explore. Many retirees let out their extra bedrooms, while others choose to downsize to quieter suburbs. You could also be eligible to release tax-free cash with equity release if your home’s value is at least £70,000.

The average house price in Cambridge is £519,353 according to Rightmove. Rising housing demand means you have the potential to gain a bigger profit if you’re considering downsizing or equity release.

If you’re unsure of whether your pension savings will be enough in retirement, a financial advisor could help. They’ll help you find and compare all your income options. And if you think an extra income boost could help, it may be worth speaking to them about the value in your home.

Where do people in Cambridge retire to?

Financial advice in Chesterton, Cambridge

Chesterton

You’ll find this Cambridge suburb in the northeastern corner of the city. While it may not be as lively as the city centre, it still has a lot to offer. Walk along Chapel Street and you’ll spot a grand Grade I listed medieval tower. There’s also plenty more history to enjoy with a trip to the Cambridge Museum.

Financial advice in Grantchester, Cambridge

Grantchester

Made famous by the ITV detective drama series, Grantchester is the ideal retirement spot if you’re looking for quaint village charm. There you’ll find Byron’s Pool, the spot where Lord Byron once swam, a grand medieval church and thatched cottages. The quaint village was also home to David Gilmour, and inspired the Pink Floyd song, ‘Grantchester Meadows’.
Financial advice in Hemingford Grey, Cambridge

Hemingford Grey

Walk around in Hemingford Grey and you’ll feel like you’ve gone back in time. While it’s only about a 45-minute train from Kings Cross, the charming village feels a world away. Lush fields and meadows surround the village and thatched cottages line the streets. It’s also home to an award-winning pub.

Why it's important to get pension advice now

How you spend retirement is up to you. Whether your ideal retirement means exploring new hobbies or working part-time, financial advice could help you realise that dream.

You may have more questions than answers when it comes to how much you should be saving for retirement. But don’t worry - we’re here to help. We’ve designed our free service to help you connect to an expert advisor in no time. Your expert will then invite you for a free consultation, where you can get helpful guidance and learn whether financial advice could work for you.

Personalised financial advice isn’t free, but it could help you build a secure financial future. Gaining peace of mind and confidence could go a long way to help you enjoy a worry-free tomorrow. Your financial advisor will work with you to help you understand your goals, form an action plan and help you stay on track.

Ready to meet your expert? Click the link below to connect with a local advisor in your area in just 60 seconds!

Click to Find a Financial Advisor in Cambridge

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.