Retirement planning

Want to get the most out of your retirement years? A retirement plan could help you:

  • Choose the best time to retire
  • Consider your retirement goals
  • Calculate how much retirement income you will need
  • Get the right retirement planning advice
In this guide: Your retirement planning options, including pensions, equity release, funeral planning and information on long term care
paint pots

Pension pot

  • Approaching Retirement?
  • Not sure about your options?
  • Need pension advice?
  • How much pension will you get?
Read more

Direct Cremation

  • Prepaid plans from £1,495
  • Compare & review 
  • A no fuss way to say goodbye
  • Simple & easy
Read more
happy couple


  • What is an annuity?
  • What income will I get?
  • Which are the best annuities?
  • Try the pension calculator
Read more
holiday couple with sun glasses

Living life

  • Healthy Living
  • Retirement Life
  • Holidays & hobbies
  • Mobility
Read more
serious looking man

Equity Release

  • Equity release guide
  • Compare plans
  • How much does it cost?
  • Could I lose my home?
Read more
granddad with grand daughter

Long term care

  • How much will it cost?
  • Local authority funding
  • Care Home Services
  • Dementia Care
Read more

Financial planning for retirement

Retirement planning is about having the finances in place to fund your life when you no longer work. It’s about considering how you would like to spend your retirement years, understanding your financial situation and putting a plan in place that will help you achieve those retirement goals.    

It helps to start planning for retirement as early as possible; clearing debts, having a savings plan in place and maximising your pension options. However, the closer you get to retirement, the more important planning becomes.

Having a retirement planning checklist in place can help you focus on what needs to be done and when. A retirement plan will also force you to consider whether you need to make any lifestyle changes ahead of your retirement, to ensure you have sufficient income when the time comes.

Retirement planning checklist – 8 top tips:

  • Monitor your current income and expenditure
  • Look at your retirement goals and how much money you will need
  • Consider whether changes can be made to reduce outgoings
  • Work out your likely retirement income – pension pots, savings and investments
  • Explore ways to boost your retirement income 
  • Consider when you would like to retire – do you want to retire fully or gradually
  • Look at tax implications
  • Consider getting retirement planning advice

Our retirement planning guides and retirement calculators will help you understand what you need to consider and where to go for advice. Whether you want to calculate your retirement income, trace your pensions, compare annuities, or consider whether equity release is a good idea , we can help.

And in addition to our useful information, comparisons and retirement calculators, we explain your options when it comes to seeking retirement planning advice.

But don’t forget, retirement planning isn’t just about retirement income. It’s also about having the right protection in place for those you love and considering what will happen to them when you’re no longer around. From health insurance to life insurance, funeral plans to direct cremation, Over50choices can help with your retirement planning needs.

retirement help
We are authorised & regulated by the Financial Conduct Authority


Did you find this information helpful?

We work with

First Choice Health
Age Partnership

How this site works

Our aim is to provide you with clear and accurate information to help you research your chosen financial products and services. The material on this site is for general information only and does not constitute any form of advice or recommendation.

If a link has an * by it, it means it is an affiliated link to an insurance company or broker that may result in a payment to the site. Should you use the equity release calculator, speak to an Age Partnership adviser and take out a plan out using their services, we receive a commission, however this will not affect the price you pay.

Also, from time to time you may see advertisements from third party companies who pay us a fee to advertise their services on our site.

None of the above arrangements constitute advice or recommendations, as other products and companies are available. You should always obtain independent, professional advice for your own situation.

The information provided on this site is accurate at the date of publication, occasionally however, things will change before we have had the opportunity to update them, so please do check. Always do your own research and take independent advice.

We do not investigate the solvency of any company mentioned on our website and are not responsible for the content on websites we link to.

Over50choices is an independent company and regulated by the FCA (No.594280) for insurance products only and a member of the Equity Release Council.