Average pension in Cardiff

Have you ever wondered just how much money you need in retirement It can be a daunting question, but it remains an important one.

We’ve found that people in Cardiff typically:

  • Have an average pension of £118,000
  • Have a life expectancy of 80 years
  • Should expect a pension shortfall of £16,907

Many people underestimate how much they’ll need to pay for care costs in later life and see their pension fall short. Others compromise on their retirement to make sure they have enough money - they finally have the time they need, but they don’t know how much of their money they can afford to spend.

Professional advice could be the difference between downsizing and enjoying your retirement to its fullest. Find a local financial advisor in Cardiff and get a free, no-obligation consultation with them. You’ll be able to ask them any questions you have about planning for retirement and, more importantly, you’ll learn how your advisor can help you.

Property market in Cardiff

Planning your retirement doesn’t stop at assessing your pension. Your advisor will ask you about your goals and discuss what options you have to achieve them. For example, many people underestimate the power that the equity tied up in their home could have on their retirement. By releasing that equity, many retirees have been able to make home improvements or gift money to loved ones without it impacting their main pension pot.

On average, properties in Cardiff are valued at £195,000. If you’ve paid off your mortgage and the value of your property rises, you could be dismissing a valuable asset by not considering it as part of your retirement planning.

Where do people in Cardiff retire to?

Financial advice in Llandaf, Cardiff


Llandaff is one of the most popular retirement havens in Cardiff thanks to its historical buildings and gorgeous surroundings. You can’t beat a leisurely stroll along the Taff Trail and Llandaff cathedral remains one of the country’s best. It also happens to be the birthplace of legendary author Roald Dahl - meaning you can spend your retirement absorbed in local heritage and history.

Financial advice in Penarth, Cardiff


Just a stone’s throw away from Cardiff Bay lies the seaside town of Penarth. Known for years as “The Garden By the Sea”, the seafront makes the town a dogwalker's dream. Closeby you’ve got Barry Island and Cosmeston Lakes, and if the weather isn’t on your side, you can enjoy all the comforts that a tight-knit community has to offer including independent shops and cafes.


Cyncoed is one of the most sought-after areas of Cardiff (it boasts some of the highest property prices in Wales) and it’s easy to see why. Many of the homes come with a view of Roath Lake and lighthouse that commemorates Captain Scott’s 1910 voyage to the Antarctic. In fact, it’s hard to find a bad view in Cyncoed as it sits elevated above Cardiff. It certainly makes a few rounds at Cardiff Golf Club fly by!

What pension advice could mean to you

We understand how big of a change retiring is. Some people take a well-earned break, whereas others use it to travel the world or finally start their own business. You may know what you want to do with your time but do you have a long-term plan to support yourself?

Many people have never spoken to a financial advisor before, but finding one could be the best decision you make before you retire. We can connect you with a financial advisor in Cardiff and enjoy a free consultation to discuss your retirement goals. You’re under no obligation to take their advice and you’re in control every step of the way. We’ll even match you with another advisor if you’re unhappy.

An advisor could be the support you need to turn retirement dreams into a financial plan you can have confidence in. Just click the link below and tell us a little about your circumstances to get started.

Click to Find a Financial Advisor in Cardiff

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.

Photo credits: Llandaff, Penarth, Cyncoed