Handling life events
Many things can impact your retirement, such as:
Understanding your options
With so many ways to manage your money later in life, it’s important to review your options and plan ahead, so you can make the right choice.
Understand your situation
The first step to a successful retirement is to fully understand your situation. Our Retirement Planner can help you to get a better understanding.
Trace your pension funds
Make sure that you have access to everything you've saved. If you want to know how to check, see the government's Pension Tracing Service.
Discover what you're entitled to
Think about where you want your money to go in the future.
Making a will
Make a will to be certain of who your money will be passed on to.
Inheritance tax planning
You may want to plan for inheritance tax, especially if your assets are worth more than £325,000.
Looking for advice?
If you would like more information about getting personalised financial advice, visit our financial advice page.
Take a look at choices you could make to help achieve your goals.
You may be able to work part-time while still receiving your pension. This would mean decreasing the hours in your current job, or finding part-time work elsewhere.
Delaying your retirement
You may continue to work until you’re in a better financial position. Remember that this may impact things like your pension payments and access to benefits, so check with your pension provider and get independent advice if you need it before making a decision.
Your home could support your retirement
The value of your home could boost your retirement in a few different ways:
If you're a homeowner over the age of 55, a lifetime mortgage may be an option.
Letting out a room in your house
Do you have a bedroom going spare? Renting it to a lodger could help you earn extra money.
Once your children have moved out, you may not need as much space. Selling your home and downsizing to somewhere less expensive, or even switching to a rented property could put more money in your pocket, and make bills cheaper.
Plan with our tools
Whether your retirement’s a long way off or just around the corner, having a clear idea of how to achieve your aims is important. Aviva’s simple online tools and calculators are here to help.
Need some help?
Ask a question
There’s a lot to think about when planning your retirement. Take a look at our