Average pension in Colchester

Average pension in Colchester

In Colchester and the greater South East region, we know from our research that people:

  • Have an average pension of £135,305
  • Have a life expectancy of 81 years
  • Should expect a pension shortfall of £15,935

With a higher life expectancy comes a greater need to plan ahead when it comes to retirement funds, which is why we help people all over the area get access to financial advisors, in Colchester or otherwise.

The last thing you want when you enter retirement is to realise you’ve got a shortfall in the funds you need. The most common question from people who are planning their retirement, though, is: how do I know how much to save for my retirement?

Honestly, there isn’t a crystal ball in the world that could put a precise figure on that, but there are expert financial advisors in Colchester who have been predicting such figures for years.

If you need help with your financial planning, we can connect you with the ideal advisor for your circumstances in no time, so you can start planning the ‘me time’ you deserve.

Property market in Colchester

The average cost of living in the South East region is £30,346, while the average value of a house there is £355,948. There are all sorts of ways to fund your living costs as a retiree, but not everyone explores all the options available to them when it comes to their home.

That’s where we can come in: we work with financial advisors in Colchester and beyond to help locals explore the possibilities and get their ducks in a row when the time is right.

After we’ve connected you with an advisor, the first whole hour of consultancy over the phone comes without charge. That means you can discuss the guidance you might need for your financial planning for free for 60 minutes.

Even after that call, there’s no obligation to continue with the services, so, no matter if you want to know what options you have with regards to homeownership, or what tax allowances you may be eligible for, the time is yours to use as you will.

Where do people in Colchester retire to?

Financial advice in Manningtree, Colchester


Whether it’s the fish and chips, the friendly people or the fact that it’s part of the Suffolk Coast and Heaths Area of Outstanding Natural Beauty, there’s no denying that Manningtree is a dream place to retire. Relatively affordable housing is clearly a draw, too, while the train line that connects the small town to Colchester in less than 10 minutes means it’s far from cut off.

Financial advice in Mersea Island, Colchester

Mersea Island

A few miles south of Colchester sits Mersea, nestled up to the coast with an array of reasons for people to settle in and settle down. It’s long been a place of pilgrimage for seafood lovers, with West Mersea Oyster Bar offering the kind of waterside terrace dining that could easily become a habit. Top that off with evening strolls on West Mersea Beach, which is lined with perfectly British beach huts, and you can see why people love to call it home.
Financial advice in Wivenhoe, South Colchester

South Colchester

The south of Colchester has more quaint villages than you might care to count, so it’s perfect for kicking back and taking it easy. People there have an abundance of walking paths around Fingringhoe Wick Nature Discovery Park, Abberton Reservoir and the River Colne, which runs right through Colchester itself.

Why getting financial advice is important

Rainy days have an annoying habit of creeping up on us. Sudden illness or a broken boiler can spell disaster for your savings and financial goals. That’s where thinking ahead can pay off. If you’re keen to make the most of your hard-earned money, working with a financial consultant or advisor in Colchester can help.

An advisor has the financial expertise to help you make your money work harder, by supporting you to:

  • Take advantage of tax relief
  • Make informed decisions on your investments
  • Build a solid plan to achieve your short, medium and long-term goals
  • Avoid financial pitfalls and plan for rainy days

We can help you take the first step towards financial advice if you think working with an expert could benefit you. The advisor partners we work with have decades of knowledge and we can match you with the most qualified expert for your needs in seconds. Tell us the type of advice you need and your contact details, and we’ll do the rest!

Our service

Local Financial Advice’s free advisor matching service connects people all over the UK daily with FCA-regulated experts. Wherever you’re based in Colchester, we’ll match you with the financial advice expert that’s right for you.

So whether you are looking for advice on your retirement plans, investments, wealth management, financial planning or thinking about your long-term financial future, we can help put you in contact with a trusted financial advisor who will listen to your needs.

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 Colchester


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.