SOUTHAMPTON FINANCIAL ADVICE

Average pension in Southampton

Average pension in Southampton

If every one of us knew exactly how much we needed to save for our retirement, financial planning would be easy. Unfortunately, it’s not that straightforward, but it is a great deal easier when you’ve got the help of a qualified financial advisor by your side.

We’re here to help you find that, whether you live in Southampton, Portsmouth or anywhere else in the South East region. We’ve been connecting people there with the most suitable financial advisors for their individual circumstances for years and, of course, we can do the same for you.

From our own data, we know that people in the region:

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

We also know how useful it is to be able to discuss such details with an expert, so we make it our aim to do just that for anyone who is ready to get their finances sorted for retirement. Whether you want to discuss your own pension pot, your homeownership or your estimated living costs, we’ll put you in touch with the right advisor for your needs.

Property market in Southampton

Did you know that the average price of a house in the South East region is £355,948? What about the fact that it’s 10.5% higher than it was the year before? With this information in mind, there could be a whole host of opportunities for you to change your financial outlook ahead of retirement.

Some people like to downsize as they approach their later years, while others like to stay put and rent rooms out or remortgage to find extra funds. The cost of living in certain areas is also a huge factor in decisions related to retirement, so it can help to get an outside-in view on your personal finances before you make any big changes.

To that end, the financial advisors we work with in Southampton are there to answer any questions you might have about your own financial circumstances. They can offer the kind of advice you need to prepare for a comfortable retirement, whatever you’re thinking of doing with your home.

Where do people in Southampton retire to?

Financial advice in Netley, Southampton

Netley

From the ruined 13th-century monastery in Netley Abbey to the network of walking paths that lead to the countryside, the charm of Netley is there for all to see. Located south of Southampton where the River Itchen meets Southampton Water, it’s the perfect place to enjoy a community feel amongst the cosy pubs and modern wine bars.

Financial advice in Winchester, Southampton

Winchester

There aren’t many places that look as quintessentially English as the Hampshire city of Winchester. It’s just up the M3 from Southampton and boasts a striking medieval cathedral, vibrant markets and some classic cobbled streets to make life feel like a film set. The Regency and Victorian housing there is so attractive that it’s a wonder anyone would want to spend their retirement anywhere else.
Financial advice in Portsmouth, Southampton

Portsmouth

It’s not uncommon for people to head for a different seaside feel in Portsmouth’s Portsea Island, which is only a few miles down the M27 from Southampton. Southsea in particular offers up a great stretch of shingle beach, an aquarium on the common and a range of cafés, pubs and restaurants that take pride not only in their seafood, but in their coffee, too.

Why you should speak with an advisor

With the help of a qualified advisor, you might be able to turn the uncertainty of funding your retirement into the clarity and peace of mind you need to focus on how you’re going to spend it.

The Southampton financial advisors we work with have dealt with all manner of financial questions, so we know we’ll be able to connect you with the right person. It only takes a couple of minutes to tell us a few details about yourself and what kind of assistance you’re after and, better still, it won’t cost you a penny.

You’ll even get the first hour of professional consultation for free, so you can use the time to suit your needs and get answers to your financial questions. After that, it’s completely up to you how you take their recommendations forward and whether or not you want to continue.

Click to Find a Financial Advisor in Southampton

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.