Average pension in Swansea

Average pension in Swansea

When you’re preparing for retirement, it’s difficult to pinpoint how much you’ll need to sustain the lifestyle you want. You can make estimates based on your current costs of living, for instance, but sometimes it can feel too much like guesswork.

That’s why we work with qualified financial advisors in Swansea to help you get the guidance you need in a timely manner. They can make recommendations based on both your current circumstances and future plans and put your mind at ease when it comes to financial planning.

By way of a benchmark based on our data, we can tell you that people in Wales tend to:

  • Have an average pension of £123,484
  • Have a life expectancy of 79 years
  • Should expect a pension shortfall of £16,907

If this gives you some food for thought, why not get in touch today to discuss your financial plans with a professional advisor?

Property market in Swansea

A major opportunity for many people approaching retirement age revolves around the home they’re in at the time. Some people opt to sell and move to a smaller house in a cheaper area, while others might be more inclined to explore renting spare rooms out or remortgaging.

Whatever your personal plans for your home, you can discover all the possibilities available to you by speaking to an advisor who knows the Swansea area well.

You might start by comparing the value of your home, for instance, to the average price of a house in Wales, which currently stands at £195,291. From there, you’ll be able to discuss your options with them to help you make the most of your assets as you prepare for your years of freedom.

Where do people in Swansea retire to?

Financial advice in Mumbles, Swansea


Across Swansea Bay to the southwest lies a true gem of Great Britain. Mumbles is everything one could possibly want from a place to live—for a start, the promenade is peppered with amazing food, from the Gower Seafood Hut’s deep-fried calamari to Joe’s world-beating ice cream to Môr’s salt marsh lamb. The coastline to the south of Mumbles is as dramatic as it gets, too, so getting bored in retirement is simply out of the question.

FInancial advice in Gower, Swansea


Swansea is very conveniently located for access to the Gower, an Area of Outstanding Natural Beauty. Three Crosses, Oxwich and Pennard are just a few popular Gower villages for retirees. And with the vast Rhossili Beach, the tucked-away appeal of the Blue Pool and the sublime food at Beach House Restaurant at Oxwich Bay, it’s plain to see that a retirement in the Gower area is a retirement well spent.
Financial advice in Brecon, Swansea


When it comes to places to live, Brecon is an extremely popular spot with those who want to settle down. From the annual jazz festival and indie shops to museums and a historic cathedral, it has everything you could want in a market town. Residents also have easy access to one of Europe’s most famous national parks - Brecon Beacons. Boasting everything from lakes to caves to picturesque castles, there’s plenty of choice for things to do in retirement.

Why getting financial advice is important

Rainy days have an annoying habit of creeping up on us. Sudden illness or a broken boiler can spell disaster for your savings and financial goals. That’s where thinking ahead can pay off. If you’re keen to make the most of your hard-earned money, working with a financial consultant or advisor in Swansea can help.

An advisor has the financial expertise to help you make your money work harder, by supporting you to:

  • Take advantage of tax relief
  • Make informed decisions on your investments
  • Build a solid plan to achieve your short, medium and long-term goals
  • Avoid financial pitfalls and plan for rainy days

We can help you take the first step towards financial advice if you think working with an expert could benefit you. The advisor partners we work with have decades of knowledge and we can match you with the most qualified expert for your needs in seconds. Tell us the type of advice you need and your contact details, and we’ll do the rest!

Our service

Local Financial Advice’s free advisor matching service connects people all over the UK daily with FCA-regulated experts. Wherever you’re based in Swansea, we’ll match you with the financial advice expert that’s right for you.

So whether you are looking for advice on your retirement plans, investments, wealth management, financial planning or thinking about your long-term financial future, we can help put you in contact with a trusted financial advisor who will listen to your needs.

Learn more about how we help you connect to local financial advice experts, how our free advisor matching service works and why over 900 happy customers rated us Excellent on Trustpilot.

Click to Find a Financial Advisor in Swansea


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.