Pre-Retirees

Approaching retirement is one of the most important financial stages of your life. The decisions made in the years leading up to retirement will shape the sustainability of your income, the resilience of your investments, and the lifestyle your wealth can support over the long-term. For many people, this is the point where financial planning moves from growth-focused to outcome-focused.

Pre-retirees often face complex questions around when to retire, pension access, how much income they can realistically expect, and how to structure their finances to last. Without a coordinated retirement plan, uncertainty can replace confidence, even for those who have accumulated significant wealth.

At Bowmore Financial Planning, we provide specialist financial planning for pre-retirees who want structure and informed confidence as they approach retirement. Our advice helps you transition smoothly from earning to living off your wealth, with a strategy designed around your goals and lifestyle.

Financial Advice Focused on Life After Work

As retirement approaches, your financial priorities shift. The focus moves away from wealth accumulation alone and towards preserving it, generating sustainable income and managing risk.

Our approach to financial planning for pre-retirees considers the full picture, including:

• When and how you want to retire, including phased or gradual transitions

• The lifestyle you want to maintain in retirement

• How long your wealth needs to last

• Managing risk as sustainable income becomes more important than growth

How We Support Pre-Retirees

Retirement Income Planning

Understanding how much income you can sustainably withdraw and where it should come from, is central to effective retirement planning. We help you build a clear, sustainable, and tax-efficient income strategy.

Our advice supports:

• Planning income from pensions, investments and other assets

• Structuring withdrawals with careful consideration of tax implications

• Balancing guaranteed income with flexible drawdown arrangements

• Reviewing income levels regularly to reflect market conditions and lifestyle changes

• Recognition that retirement income may be just one of a number of competing goals as you factor in other objectives (for example, inheritance tax mitigation)

This provides clarity and reassurance as you approach retirement and begin drawing on your wealth.

Pension Planning and Consolidation

Pensions often form the foundation of retirement income, yet many people have multiple schemes built up over time. We help you understand your pension options and how they fit into your wider plan.

This may include:

• Reviewing existing pension arrangements

• Consolidating pensions where appropriate

• Planning around pension access rules, including minimum pension age and relevant allowances

• Structuring pensions to support long-term income

• Reviewing beneficiary nominations and death benefit considerations

Our aim is to reduce complexity and improve visibility. We ensure that each disparate part of your retirement plan works in unison to complement your goals.

Investment Planning and Risk Management

As you near retirement, managing investment risk becomes increasingly important. We help you balance the need for growth with the need for stability.

Our investment planning focuses on:

• Aligning asset allocation with your retirement timeline and income needs

• Managing volatility and sequencing risk

• Creating diversified portfolios designed for income and longevity

• Reviewing and adjusting strategy as retirement approaches and both market conditions and personal circumstances evolve

This helps protect your wealth while supporting sustainable income.

Tax Planning Before and During Retirement

Tax efficiency plays a key role in retirement planning. Decisions made before retirement can influence how much income you keep later on.

We help you plan with careful consideration of tax implications, coordinating retirement income, pensions and investments within your wider financial strategy. Where appropriate, we work alongside your accountant or other professional advisers to ensure alignment.

This may include:

• The timing, and shape, of retirement and pension access

• Structuring retirement income with awareness of prevailing tax bands and allowances

• Reviewing the use of available allowances before retirement

• Planning withdrawals with long-term sustainability and tax awareness in mind

Proactive and coordinated planning can help ensure your retirement income strategy remains aligned with both your financial goals and your broader circumstances.

Planning for Long-Term Security and Flexibility

Retirement planning extends well beyond the early years. A robust retirement strategy considers longevity, potential health and care needs, and the financial impact of unexpected changes over time.

We support pre-retirees with:

• Planning for potential long-term care costs and later-life considerations

• Ensuring flexibility for changing circumstances

• Reviewing estate and legacy planning objectives in coordination with your wider financial plan

• Creating confidence around financial independence

This provides reassurance that your plan can adapt as life evolves.

Why Pre-Retirees Choose Bowmore Financial Planning

Pre-retirees choose Bowmore because our advice is clear, practical, and grounded in decades of experience advising professionals, business owners, and families approaching retirement.

With over 35 years of experience, we support clients in managing sustainable retirement income, investment risk and intergenerational planning with care and precision.

Our approach is:

• Calm and considered

• Focused on long-term sustainability

• Built around your lifestyle and priorities

We take the time to understand what retirement means to you, then build a financial plan designed to support it.

Speak to a Financial Adviser About Retirement Planning

If you are approaching retirement and want clear, structured financial advice, Bowmore Financial Planning can help. Contact our team to arrange a no-obligation discovery meeting and take the first step towards a confident and well-planned retirement.

• Bowmore Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority.
• The value of your investments can go down as well as up, so you could get back less than you invested.
• The tax treatment of certain products depends on the individual circumstances of each client and may be subject to change in future.
• Past performance is not a guide to future performance.
• The Financial Conduct Authority does not regulate Estate Planning or Inheritance Tax Planning.