LIVERPOOL FINANCIAL ADVICE

Average pension in Liverpool

Average pension in Liverpool

It’s difficult to know how much you’ll need in retirement. But, we’re here to help.

We’ve done the leg work for you and found that people in Liverpool usually:

  • Have an average pension of £117,800
  • Have a life expectancy of 78 years
  • Should expect a pension shortfall of £15,716

After years of working and making contributions, your pension pot can help you afford the retirement you deserve. But even the biggest pot might not be enough if you don’t budget. So, what comes to mind when you think of your ideal retirement lifestyle?

Every year, we help hundreds of people in Liverpool realise their own retirement dreams by connecting them with expert advisors. By speaking to a professional, you too can get the support and guidance you need to maximise your retirement income and live life on your own terms.

Property market in Liverpool

You have more options than you think when it comes to financing your future. Many retirees downsize to smaller homes to make a fresh start in retirement. And if you’re a homeowner, you may be eligible to release tax-free cash to spend as you please with equity release.

According to Statista, the average house price in Liverpool is £156,855, and has risen 18% since 2020. Rising house prices could mean the difference between a comfortable retirement or downsizing from the home you love.

No doubt, you’ll have much to discuss with your financial advisor. But if you’re looking for extra retirement income, it may be worth exploring assets like your home.

Where do people in Liverpool retire to?

Financial advice in Aigburth, Liverpool

Aigburth

Voted as one of the best places to live in the UK, it’s no wonder Aigburth is top on retirees’ lists. The affluent suburb is home to the beautiful 200-acre Sefton Park. It’s also the perfect mix of culture and amenities with excellent transport links into the city. Shop ‘til you drop in Lark Lane’s indie shops or explore the world one dish at a time at Aigburth Road’s Italian, Japanese and Indian eateries.

Financial advice in Allerton, Liverpool

Allerton

If you’re a Beatles fan, there’s a big chance you already know Allerton. It was famously featured in ‘Penny Lane’. The south Liverpool suburb also boasts a rich history. It’s home to the 1,000 year old Allerton Oak, which resides in 94-acre Calderstones Park and the former Allerton Hall. Today, the hall is known as the Allerton Hall Farmhouse Inn, and it’s the perfect place to enjoy a Sunday lunch with the family.

Financial advice in Woolton, Liverpool

Woolton

South east of the city, Woolton is another top destination for Beatles fans. It’s where you’ll find Strawberry Fields, Eleanor Rigby’s grave and John Lennon’s childhood home. But there’s much more to Woolton - Grade II listed buildings, Victorian relics, calming gardens and parks. You’ll also find many of the city’s best dishes, ranging from Scandi-inspired open-faced sandwiches to Thai noodles along Allerton Road.

Why it's important to get pension advice now

We spend decades working and saving up for retirement. But once we make the transition out of the workforce, it can be difficult to know what to do next. Retirement is a big change for everyone, and it’s okay if you don’t have all the answers.

That’s where a financial advisor comes in. They take the complexities out of managing your finances, helping you define your goals and achieve your goals. With their support, you can make the most of your golden years, whether that’s renovating your home or helping your kids with an early inheritance.

It all starts with a click. We’ll help you take the first step by connecting you to a local pension expert for free. They’ll invite you for a free consultation where they’ll explain how their services can help you achieve the retirement you’ve always wanted.

Click to Find a Financial Advisor in Liverpool

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.