CARLISLE FINANCIAL ADVICE

Average pension in Carlisle

Average pension in Carlisle

Budgeting for your retirement can be daunting. After all, you’ve always known you need to pay into a pension but you’ve never had to decide how to use it. Until now. With retirement on the horizon, you’re naturally looking forward to a well-earned break. But is your pension set up to support you?

We’ve found that people in Carlisle typically:

  • Have an average pension of £129,000
  • Have a life expectancy of 80 years
  • Should expect a pension shortfall of £15,716

The idea of saving so much in your pension and still falling short can be disheartening. However, many people have to make compromises in their retirement not because they don’t have enough money, but because they don’t know how to use the money they have wisely.

This is where professional advice can help. We’ve helped hundreds of people find a financial advisor in Carlisle. If you do the same, you’ll get a free, no-obligation consultation so you can discuss your retirement options with an expert. It could be the difference between cutting back and enjoying retirement to its fullest.

Property market in Carlisle

Speaking with a professional will help you assess all of your financial assets and how they can be used to support the lifestyle you want through retirement. Many people only consider their pension, their personal savings and the state pension. In reality, there are many flexible ways you could access more financial support - this includes accessing the equity you accumulated in your home by paying off your mortgage.

On average, properties in Carlisle are valued at £146,000. Depending on when you bought your home, it may have increased in value and be a valuable asset you could utilise. Releasing a portion of that equity and turning it into cash could help you pay for home renovations or support your loved ones. All without hurting your pension pot.

Where do people in Carlisle retire to?

Financial advice in Silloth, Carlisle

Silloth

If you’re looking for a gorgeous seaside town to help while away the days, there are few places better than Silloth. It sits in the middle of the Solway Coast Area of Outstanding Natural Beauty and is filled with lovely cafes, stores and restaurants that harken back to its Victorian-era roots. Dog lovers will never tire of roaming the pebble beach and the annual beer and music festival is chock-full of entertainment to enjoy.

Financial advice in Keswick

Keswick

The advantage of living in the North West is that you’re never too far away from the Lake District and the incredible scenery it holds around every corner. Picking just one place to retire to is difficult but Keswick eaks out the competition. It’s a bustling town with serious culture thanks to the magnificent Theatre by the Lake that overlooks Derwentwater. And if golf is more your scene, you can enjoy a quick round while taking in views of mountains like Skiddaw and Helvellyn.
Financial advice in Penrith, Carlisle

Penrith

Retiring to Penrith means having all manner of the great outdoors right on your doorstep. It sits between the Lake District and the North Pennines and is also a stone’s throw away from the Yorkshire Dales. When you aren’t scaling a mountain, you can enjoy the local history which includes the country house Hutton-in-the-Forest which is, according to legend, the Green Knight’s castle from the days of Arthur. You’re all set for exploring, as long as the famous Cumbrian weather is on your side!

Why it's important to get pension advice now

When we’re sick, we go to the doctor. When the car breaks down, we take it to the mechanic. But when we need a little help with our money, people are reluctant to get help from an expert. We understand that discussing your finances with someone else can make you feel uneasy at first, but finding a financial advisor could be the best decision you make before you retire.

We pride ourselves on helping people find a financial advisor quickly and easily. Taking just 60 seconds to enter your information will mean we can match you with an advisor. You’ll be contacted and invited to a free consultation to discuss your financial goals. You’re under no obligation to take their advice and if you’re unhappy, we’ll find you a new advisor for free.

Just click the link below and take the first step towards trusted, professional advice.

Click to Find a Financial Advisor in Carlisle

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.