Rethinking my retirement

With the right support, retirement could be the time of your life.

Handling life events

Many things can impact your retirement, such as:

Money troubles

Your savings might not meet what you need to retire comfortably.

Divorce

Separating from your partner could affect your income.

Illness

You may have to retire early, or provide care without financial support.

Bereavement

Losing a loved one may mean added financial pressure.

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.

Review

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

Find out what benefits you can claim.

Plan

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.

Choices

Take a look at choices you could make to help achieve your goals.

Part-time work

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:

  1. Equity release

    If you're a homeowner over the age of 55, a lifetime mortgage may be an option.

  2. 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.

  3. Downsizing

    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.

News & Views

Keep up with the latest news and expert views on retirement

Read more

Need some help?

Ask a question

There’s a lot to think about when planning your retirement. Take a look at our

Frequently Asked Questions.

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