MANCHESTER FINANCIAL ADVICE

Average pension in Manchester

Average pension in Manchester

Preparing for the future can feel a lot like wandering around in the dark - especially when it comes to saving for retirement. But don’t worry, we’re here to guide you.

We’ve crunched the numbers and found that Mancunians usually:

  • Have an average pension of £102,974
  • Have a life expectancy of 78 years
  • Should expect a pension shortfall of £15,716

The years you’ve spent saving into your pension pot should give you peace of mind that you’ll enjoy a carefree retirement. Yet, there’s a big difference between being able to cover the basics and enjoying a comfortable lifestyle.

We’ve helped many people build secure retirements by matching them with qualified experts - and we can help you too! Discussing your retirement goals and savings with an advisor can be the first step towards building your own retirement plan.

Property market in Manchester

There are many ways to finance your retirement that don’t involve dipping into your pension pot. Downsizing to a smaller house can free up much-needed cash for that dream getaway. And if your home’s value is at least £70,000, equity release could help you unlock tax-free cash to spend as you like.

According to Statista, the average house price in Manchester is £211,107, a 16% increase from 2020. Rising demand for housing could mean a bigger profit for you if you’re thinking about downsizing or equity release.

A financial advisor will work with you to help you weigh all your income options. So, if you’re concerned that you won’t be able to afford the retirement you deserve, it may be worth considering the value in your own home.

Where do people in Manchester retire to?

Financial advice in Castlefield, Manchester

Castlefield

You're never far from the hustle and bustle with Deansgate train and tram stations only minutes away. Yet, despite its city centre location, Castlefield is a calm haven for retirees. In fact, there’s not much traffic at all due to its declaration of being an Urban Heritage Park. Step back in time as you visit the ruins of the Roman fort. And as for culture, you’ll be spoilt for choice. Explore Castlefield Gallery, dine along the canal or catch a gig at the arena.

Financial advice in Altrincham, Manchester

Altrincham

This Trafford suburb once was home to the worst high street in the country. Today, it’s voted as one of the best places to live in the UK in 2020 by the Sunday Times. You’ll find everything you need in the market town, including a bustling open-air market, two theatres, an Everyman Cinema and a famous jazz club. And when you have an afternoon free to spend with the family, there’s no better destination than Dunham Massey’s deer park and gardens.
Financial advice in Sale, Manchester

Sale

It’s not only good schools that make Sale such an attractive place to live. Its community feel, affordable housing and excellent transport links make it ideal for retirees. But while it’s only eight kilometres from the city centre, it’s far enough away to keep its quiet village feel. Nature lovers have not one but three stunning parks to explore including Worthington Park, Sale Water Park and Walton Park.

Why it's important to get pension advice now

Retirement means different things to everyone. For some, it’s time to slow down and enjoy life’s simple pleasures. For others, it's time to finally start that independent business. Whatever it means to you, retirement planning is the key.

Not sure how much you’ll need to save in your pension pot to realise your retirement dream? Our friendly service connects people like you to local retirement planning experts for free. With one click, you can be on your way to a free consultation where you’ll discover your options and how an advisor can help.

Getting personalised advice costs money, but it could be the smartest investment you make between now and retirement. From comparing products to building a financial plan, an advisor is there to support you through those big financial decisions.

Ready to discover your options? Click below to fill out our simple form to match with your expert in 60 seconds!

Click to Find a Financial Advisor in Manchester

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.