GLOUCESTER FINANCIAL ADVICE

Average pension in Gloucester

Average pension in Gloucester

It’s not easy to think about how much money you’ll need once you’re retired. But, we’ve got your back. We’ve done the research so you don’t have to and found that people in Gloucester usually:

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

No one wants to consider the fact that their pension savings might not be enough. We’re living longer than ever, and longer lives mean an increased potential for healthcare costs. That’s why retirement planning is crucial if you want to ensure you have enough to live comfortably.

Getting financial advice today could help you build a secure future. An advisor will work with you to help you understand what you’d like to achieve during your retirement. They’ll then help you build a financial plan to keep your finances on track.

Our free service helps you take the first step towards getting expert advice. Not only can we match you with the right advisor for your needs, but we’ll arrange a free consultation to help you decide whether advice could work for you.

Property market in Gloucester

When you think of retirement, you might think of the State Pension or the workplace pension you’ve been diligently saving into for years. But if you’re a Gloucester homeowner, you have even more options when it comes to extra retirement income.

Your own home could be the key to a more comfortable retirement. Downsizing is a popular way to start fresh and free up extra cash for your golden years. If you’d rather stay in your home, equity release could be an option.

The average house price in Gloucester is £249,082, according to Rightmove. This figure is up 4% from 2020 and may rise further. If you’re looking for extra retirement income, this could be a good time to speak to an advisor about the equity tied up in your home.

Where do people in Gloucester retire to?

Financial advice in Tewkesbury, Gloucester

Tewkesbury

This market town is a prime destination for Gloucester retirees with its rich history and stunning beauty. It’s home to Tewkesbury Abbey, considered one of the finest examples of Norman architecture in the country. There’s also plenty of entertainment to enjoy. Catch a flick at Roses Theatre. Support your local producers at the monthly farmers’ market. Or go back in time during the Tewkesbury Medieval Festival.

Financial advice in Bibury, Gloucester

Bibury

William Morris praised this Gloucestershire village as ‘the most beautiful village in England’. What makes the village so distinct are its historic stone cottages which were the former homes of weavers that worked at the nearby mill. Nature lovers will also want to visit Rack Isle. Found in the heart of Bibury, this boggy meadow is the perfect place to spot kingfishers, dragonflies and other wildlife.
Financial advice in Cheltenham, Gloucester

Cheltenham

If your ideal retirement involves festivals and culture, you’ll love Cheltenham. The Sunday Times dubbed the Regency spa town as one of the best places to live in the South West. It also hosted the world’s first literature festival, which still runs today. Take a stroll around Pittville Park or enjoy a day out with the family at Sandford Parks Lido.

Why getting pension advice is important

It’s all too easy to fall into the trap of thinking that your pension contributions will be enough to help you afford retirement. The State Pension can help, but it’s often just enough to cover the basics for many retirees. That’s where getting financial advice can help. An advisor will work with you, helping you take stock of your current situation and form a financial plan to help you achieve your goals.

There are many financial advisors in Gloucester and deciding on the most suitable expert for your needs can seem like a challenge. Our service takes the guesswork out of finding an advisor. Tell us what kind of advice you need and we’ll sort the rest.

We’ll match you with an advisor that has the right expertise to help you. The next step is a free 60-minute consultation. This session gives you the opportunity to get expert answers to your pension questions and learn about the services your advisor provides. They’ll also let you know if they think advice could help, and there’s no obligation to take their services.

Discover your options. Click the link below to complete our easy form and match with your advisor in 60 seconds!

Click to Find a Financial Advisor in Gloucester

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.