FAQs

Equity release allows eligible homeowners to access some of the value held within their property without necessarily selling or moving home. The money may be released as a lump sum, through smaller withdrawals or through a combination of both, depending on the product and the homeowner’s circumstances.

Equity release is generally available to homeowners aged 55 or over, although individual products will have their own eligibility requirements. The options available may be influenced by factors such as your age, property, existing mortgage, health and the amount you would like to release.

PF Financial can assess your circumstances and provide an initial indication of the equity release options that may be available to you.

A lifetime mortgage is a loan secured against your home. It is normally repaid when the last borrower dies or moves permanently into long-term care, usually from the proceeds of selling the property. Interest is charged on the amount borrowed and may be added to the loan if it is not paid separately.

Lifetime mortgages do not usually require mandatory monthly repayments. Some plans may allow voluntary payments towards the interest or capital, which could help reduce the effect of interest accumulating over time. The payment options and limits will depend on the product selected.

Our advisers can explain the available repayment features and help you understand how different choices could affect the amount eventually owed.

A lifetime mortgage is designed to allow you to continue living in your home, subject to the terms and conditions of the plan. This will normally include maintaining the property and keeping it adequately insured. The loan is generally repaid when the last borrower dies or enters permanent long-term care.

The amount available will depend on the lender and product, together with factors such as your age, property value, property type, health and any borrowing already secured against the home. A personalised assessment is needed before a reliable figure can be provided.

PF Financial can review these factors and prepare a personalised illustration showing the amount that may be available and the potential longer-term cost.

Released funds may be used for purposes such as home improvements, repaying existing borrowing, supporting family members or supplementing later-life finances. Where an existing mortgage remains on the property, it will normally need to be repaid as part of the equity release arrangement.

Equity release can reduce the value remaining in your estate because the amount borrowed, together with any accumulated interest, is generally repaid from the eventual sale of the property. Some products may offer features intended to protect a proportion of the property’s future value, subject to their terms.

PF Financial can illustrate how the loan may develop over time and explain any inheritance protection features that may be available.

Receiving a lump sum or holding additional savings may affect entitlement to certain means-tested benefits. Equity release can also restrict future financial choices and reduce the value of your estate. These wider implications should be considered before deciding whether to proceed.

A full equity release review can help identify how releasing money could interact with your existing income, savings, benefits and longer-term plans.

Lifetime mortgages that meet Equity Release Council standards include a no negative equity guarantee. Provided the plan conditions are followed, the amount repaid will not exceed the eventual sale value of the property. Product terms should always be reviewed carefully as part of the advice process.

No. Downsizing, using existing savings, changing other financial arrangements or receiving support from family may sometimes provide an alternative. An adviser should consider your wider circumstances, objectives and available options before recommending equity release.

PF Financial will consider the available alternatives alongside equity release and only make a recommendation where it is considered suitable for your individual circumstances.

To understand the features and risks of an equity release product, ask for a personalised illustration.

Inheritance planning, sometimes referred to as estate or succession planning, involves considering what you own, who you would like to benefit from your estate and how your wealth could be passed on effectively. It can include reviewing your potential inheritance tax position, available allowances and exemptions, lifetime gifting, trusts and other planning strategies.

PF Financial can help you understand your current position and develop a succession plan shaped around your family, assets and what you ultimately want your wealth to achieve.

Inheritance tax planning involves reviewing your estate and considering legitimate ways to manage a potential inheritance tax liability while still taking account of your own financial needs. This may involve several different strategies rather than relying on one particular product or solution.

The appropriate approach will depend on your estate, family circumstances, objectives and how much access or control you need to retain over your assets.

A useful starting point is to establish the potential value of your estate and consider the allowances, exemptions and other circumstances that may affect your inheritance tax position.

PF Financial’s free IHT calculator can provide an initial indication of your potential inheritance tax position. For a more complete picture, an adviser can then consider the figures alongside your assets, family circumstances and succession planning objectives.

Effective inheritance tax planning may help make better use of available allowances, exemptions and appropriate planning strategies, potentially reducing the amount of an estate that is ultimately subject to inheritance tax. However, the opportunities available will depend on your individual circumstances and the rules applying at the time.

PF Financial can assess your potential inheritance tax exposure and explain which planning approaches may be relevant, without assuming that the same solution will be appropriate for every family.

Inheritance planning does not need to wait until later life. Starting earlier can provide more opportunity to understand the potential size of your estate, consider who you want to benefit and explore the different ways wealth might be passed on.

Your circumstances, assets, family priorities and the wider tax and legislative landscape can also change over time, so inheritance planning should generally be viewed as an ongoing process rather than a one-off decision.

Lifetime gifting can form part of an inheritance and succession planning strategy. However, giving assets away can have wider implications, particularly if you may need access to that money or those assets later in life.

Before making significant gifts, it is important to consider both your desire to pass wealth on and the level of financial security and access you need to retain for yourself.

Trusts may form part of an inheritance planning strategy and can provide a structured way for assets to benefit the people or generations you choose, depending on how the trust is established.

Trust planning can be complex and its suitability will depend on your objectives, assets and family circumstances. PF Financial can consider the role trusts may play within your wider succession plan, alongside any specialist legal or tax advice that may be required.

A Family Investment Company may, in some circumstances, provide a structured way to hold, manage and pass family wealth between generations while retaining an appropriate degree of control over the underlying assets.

It will not be suitable for every family, so the potential benefits, structure and wider implications should be considered as part of a broader inheritance and estate planning strategy.

Life assurance may sometimes be considered where there is a potential inheritance tax liability. Rather than directly reducing the liability itself, suitable cover may provide funds that could help beneficiaries meet a future inheritance tax bill without placing unnecessary pressure on other estate assets.

Whether this is appropriate, and the amount and structure of any cover, will depend on your circumstances and the wider succession plan.

Not necessarily. One of the important considerations in estate planning is finding an appropriate balance between passing wealth on efficiently and retaining the access and control you may need during your lifetime.

PF Financial can help you consider different strategies in the context of both objectives, rather than focusing on inheritance tax planning without considering your own future financial needs.

Inheritance planning should begin by understanding the potential value of your estate, which assets are important to you, which may need protecting and who you ultimately want to benefit from them.

Looking at the estate as a whole can help identify the scale of any potential inheritance tax issue and determine which areas may warrant further planning.

There may still be planning options available even where the timeframe is more limited, although the strategies that can reasonably be considered will depend on the individual circumstances.

PF Financial considers a range of approaches when developing a succession plan, including the use of available allowances and exemptions, gifting, trusts, life assurance and, where appropriate, investments that may qualify for relevant reliefs.

Certain qualifying assets or investments may be eligible for inheritance tax relief associated with business or agricultural interests. These can sometimes form part of an inheritance tax planning strategy, including where the available planning timeframe is more limited.

Eligibility and tax treatment depend on the circumstances and applicable legislation, so these strategies should not be considered solely on the basis of potential inheritance tax benefits.

No. Tax efficiency can be an important part of inheritance planning, but succession planning is also about deciding who you want to benefit, which assets matter most to you, how and when wealth should be passed on and how much access and control you need to retain during your lifetime.

A considered plan should therefore begin with your family and objectives rather than simply looking for ways to reduce a tax bill.

PF Financial begins by understanding your family circumstances, the assets involved and what you would like to achieve. The next step is to establish the potential size of any inheritance tax issue before considering the available options and developing an appropriate succession planning strategy.

There is no single solution that will suit every estate. PF Financial considers the different approaches that may be available and builds the advice around your individual circumstances, priorities and final wishes.

Protection insurance is designed to provide financial support when an event such as death, serious illness or an extended period away from work affects you, your family or your business. Different policies cover different circumstances, so protection planning should begin with an assessment of the financial risks and responsibilities that need to be addressed.

PF Financial can review your circumstances and help identify the areas where suitable protection may be worth considering.

Life insurance normally pays a benefit if the insured person dies during the policy term. Critical illness cover normally pays if the insured person is diagnosed with one of the serious illnesses covered by the policy and meets the relevant definition. The conditions, exclusions and payment terms vary between policies.

Our advisers can explain the differences between the available types of cover and help you consider whether one policy or a combination of policies may be appropriate.

Income protection is intended to provide a regular income if illness or injury prevents you from working. Policies can differ in the proportion of income covered, the period before payments begin and the length of time benefits may continue. Any recommendation should reflect your income, employment benefits, expenditure and existing savings.

PF Financial can help you assess how long you could manage without your usual income and identify the type and level of cover that may suit your needs.

Mortgage protection is generally arranged to help repay or contribute towards an outstanding mortgage if the insured person dies during the policy term. Critical illness cover may sometimes be included or added, depending on the policy. The amount and term of cover can be aligned with the mortgage being protected.

The appropriate amount will depend on what the policy is intended to protect. This may include a mortgage, household expenditure, family income, education costs, debts or business responsibilities. Existing savings, workplace benefits and current insurance should also be considered before deciding on the level of cover.

A personalised protection review can help you understand the potential financial shortfall and avoid arranging significantly more or less cover than may be needed.

Existing cover should be reviewed periodically and following significant life changes, such as moving home, taking a new mortgage, having children, changing employment or starting a business. A review can identify possible gaps, unnecessary duplication or policies that no longer reflect your financial responsibilities.

PF Financial can review your existing policies and help you understand whether they remain appropriate for your current circumstances.

Premiums can be influenced by the type and amount of cover, policy term, age, health, occupation, lifestyle and smoking status. Policy definitions, exclusions and optional benefits can also affect the cost. The cheapest policy will not necessarily provide the most appropriate protection for your needs.

Relevant Life Cover is a life insurance policy arranged and paid for by an employer for an employee or director. It can provide death-in-service benefits outside a traditional group scheme. Its suitability and tax treatment will depend on the structure of the arrangement and the circumstances of the business and insured person.

PF Financial can help business owners and directors understand how Relevant Life Cover may fit alongside their wider personal and business protection arrangements.

Shareholder protection is intended to help provide funds for the remaining shareholders to purchase the shares of a shareholder who dies or experiences an insured critical illness. Appropriate insurance and legal agreements may help provide greater certainty over the future ownership and continuity of the business.

Our advisers can work with you and your professional representatives to assess the financial protection requirements of the business.

Claims are assessed against the policy terms, definitions and exclusions. It is important to answer application questions fully and accurately and to understand exactly what is covered. No adviser or insurer can guarantee that every future claim will be accepted.

Long-term care planning considers how care may be arranged and funded if ongoing support becomes necessary. It can bring together the individual’s care needs, preferred setting, income, savings, property, available benefits and possible public funding to create a more sustainable financial approach.

PF Financial can help you understand the available funding routes and develop a plan that reflects the individual’s circumstances and care requirements.

Advice can be useful when care first becomes a possibility, when needs are being assessed or before significant personal assets are committed to paying care fees. Starting earlier may provide more time to investigate NHS or local authority support and compare the different self-funding options available.

Speaking with PF Financial at an early stage can help you identify the information, assessments and financial details that may be needed before important decisions are made.

Care can take many forms, including support within the person’s own home, live-in care, sheltered accommodation, assisted living, residential care and nursing care. The appropriate setting and funding approach will depend on the person’s needs, preferences and how those needs are expected to develop.

Responsibility for care costs depends on the person’s health and care needs, financial circumstances and eligibility for assistance. Funding may potentially come from the NHS, a local authority, benefits, personal income, savings, investments, property or a combination of different sources.

PF Financial can help you review how these different sources may work together once the relevant care and financial assessments have been completed.

NHS Continuing Healthcare is funding arranged by the NHS for some adults whose assessed needs are primarily health-related. Eligibility is determined through a formal assessment process and is not based solely on a diagnosis or the fact that somebody requires residential or nursing care.

A local authority may contribute towards eligible care following assessments of the person’s care needs and financial circumstances. The amount of support available will depend on the applicable rules and the outcome of those assessments. The assessment should generally be completed before longer-term funding decisions are made.

Certain benefits may help meet care or living costs, depending on the person’s age, needs and financial circumstances. These may include Attendance Allowance, Pension Credit or other relevant support. Eligibility varies, so the benefits available should be checked as part of the wider care funding review.

A comprehensive review can help ensure potential benefits and public funding options are considered before relying entirely on personal assets.

Self-funding generally means using personal income, savings, investments, property or other assets to meet some or all of the cost of care. A financial plan can help consider how these resources may be used and how the arrangements could respond if care costs or needs change over time.

PF Financial can assess the available assets and income and explain the financial options that may help support ongoing care costs.

An immediate needs annuity is one product that may be considered as part of a self-funded care plan. It generally involves using a lump sum to provide regular payments towards care costs. The income, terms and suitability will depend on the individual and the product available.

Our advisers can explain how an immediate needs annuity works and compare it with other care funding approaches that may be available.

Property may form part of the wider care funding position, but selling the home is not always the only option considered. The appropriate approach may depend on where care is provided, who lives in the property, eligibility for support and whether other income or assets are available.

PF Financial can help you explore how property wealth may fit within the wider funding plan without assuming that an immediate sale is necessarily required.

Equity release may be one way of accessing property wealth where the homeowner remains living in the property, subject to eligibility and the terms of the product. It can affect inheritance, means-tested benefits and future financial options, so alternatives and wider implications should be considered carefully.

Where equity release is being considered, PF Financial can assess the available alternatives and explain the potential costs, risks and longer-term effects.

Long-term care bonds or investments may form part of a wider funding strategy in some circumstances. Their value, accessibility, risks and potential income should be considered alongside care costs, other assets and the individual’s need for financial flexibility. Investment returns are not guaranteed.

No adviser can guarantee future care costs, investment performance, eligibility for public funding or how long care will be required. Care funding advice can assess the available information, model different approaches and recommend a solution intended to reflect the individual’s circumstances and priorities.

PF Financial can help you understand the assumptions behind a proposed funding plan and review the arrangements as circumstances develop.

A suitable assessment should consider more than the immediate care fee. It may also examine ongoing household costs, income, benefits, property, savings, tax considerations and the effect on the person’s wider estate and family. Where legal or tax advice is required, input from the relevant specialist may also be appropriate.

PF Financial can work alongside family members and other professional advisers to help ensure the care funding plan is considered within the wider financial picture.

A Mortgage Capacity Assessment Report provides a structured assessment of the mortgage borrowing that may be available to an individual or couple. It considers the financial information supplied and presents potential borrowing, repayments, rates and terms to help inform discussions about future housing arrangements.

PF Financial can prepare an independent report for use by individuals, solicitors, mediators and other professionals involved in the case.

These reports are often requested during divorce or separation when future housing and financial arrangements are being considered. A solicitor, mediator or other professional may request a report to provide a clearer indication of what one or both parties may potentially be able to borrow.

Depending on the agreed scope, a report may include an assessment of potential borrowing, indicative interest rates, estimated monthly repayments, possible mortgage terms and sole or joint applicant scenarios. Additional financial scenarios may also be considered where they have been agreed in advance.

PF Financial can agree the required scope before work begins so the report addresses the relevant questions and scenarios.

Information may include income, bonuses or commission, employment status, existing mortgage payments, loans, credit cards, regular outgoings, credit history, savings, assets, dependants and any known future financial changes. Complete and accurate information is important because the assessment can only reflect the details provided.

A single report assesses the potential borrowing position of one applicant under an agreed financial scenario. A joint report considers the mortgage capacity of both parties. The appropriate option will depend on what information is required for the separation, divorce or legal process.

PF Financial can help clarify which report format is most likely to meet the instructions provided by you or your professional adviser.

An online calculator usually provides a broad estimate based on a limited number of figures. A Mortgage Capacity Assessment Report can consider a wider range of personal and financial information and present the findings in a format suitable for discussion with solicitors and other relevant professionals.

No. The report provides an assessment based on the information and market conditions available at the time. Any future mortgage application will remain subject to the lender’s affordability assessment, credit checks, lending criteria, property valuation and full approval process.

The report reflects the applicant’s circumstances, lender criteria, interest rates and available products at the time it is prepared. Changes to income, expenditure, debts, credit history or the mortgage market may affect the findings, so an updated assessment could be needed if circumstances change or significant time passes.

PF Financial can advise whether a revised assessment may be appropriate where the original information or market conditions have materially changed.

Additional scenarios may be included where this is agreed as part of the instruction. This could help illustrate how different deposits, income arrangements, financial commitments or proposed settlements may affect potential mortgage capacity. The required scenarios should be confirmed before the assessment begins.

PF Financial offers single and joint report options. The fee will depend on whether one or both parties are being assessed and whether additional financial scenarios are required. The current cost and scope should be confirmed before the report is commissioned.

PF Financial can provide a clear quotation once the required report type and number of scenarios are known.

Your home may be repossessed if you do not keep up repayments on your mortgage.

PF Financial can provide advice across a range of property finance requirements, including first-time buyer mortgages, home moves, remortgages, buy-to-let borrowing, high-value mortgages, bridging finance and second charge mortgages. The options available will depend on your circumstances, the property and the purpose of the borrowing.

An independent mortgage adviser can assess your circumstances, research suitable products and explain how interest rates, fees and lending criteria may affect the overall suitability of a mortgage. An adviser can also help prepare the application, liaise with the lender and provide support as the transaction progresses.

PF Financial can research the market on your behalf and guide you through the mortgage process from the initial assessment through to application and completion.

Potential borrowing depends on the lender’s affordability assessment and lending criteria. Factors can include your income, regular expenditure, financial commitments, deposit, credit history, employment position and the type and value of the property. An initial assessment can provide an indication, but the final decision remains with the lender.

PF Financial can assess your circumstances and give you a clearer indication of the borrowing that may be available before you begin making offers on properties.

Mortgage lenders may consider income, employment status, credit history, existing borrowing, dependants, household expenditure and the size of your deposit. They may also assess the property itself, the requested mortgage term and any expected changes to your future income or outgoings.

Our advisers can review your position before an application is submitted and explain any areas that may influence the lenders or products available to you.

A Decision in Principle, sometimes called an Agreement in Principle, is an initial indication of how much a lender may be prepared to lend based on limited information. It is not a formal mortgage offer and remains subject to a full application, supporting documents, affordability checks, credit assessment and property valuation.

PF Financial can help you obtain a suitable Decision in Principle and explain what information may still be required before a full mortgage offer can be issued.

The documents required will depend on the lender and your circumstances. They commonly include proof of identity and address, bank statements, details of your deposit and evidence of income. Employed applicants may need payslips, while self-employed applicants or company directors may be asked for accounts, tax calculations or other supporting information.

Yes. A mortgage adviser can explain the purchasing and mortgage process, assess potential affordability and help you understand the deposit and documentation lenders may require. Advice can also help you compare suitable mortgage options and understand the likely costs and commitments involved in buying your first home.

PF Financial can guide you through each stage, helping you understand what to expect and what you may need to prepare before submitting an application.

It can be helpful to review your mortgage before an existing deal ends, or whenever your circumstances or borrowing requirements change. A review can consider the interest rate, product fees, early repayment charges, remaining mortgage term and whether remaining with your current lender or moving elsewhere may be more appropriate.

PF Financial can review your mortgage in advance of the current deal ending and compare the options available from your existing lender and the wider market.

PF Financial provides advice for personal and limited company buy-to-let applications, including more specialist areas such as houses in multiple occupation, holiday lets and multi-unit properties. Lender requirements and affordability calculations vary, so the suitable route will depend on the property, rental position and applicant circumstances.

PF Financial has experience with high-value mortgages and more complex transactions. This may include applicants with varied income, self-employment, company income, unusual property requirements or borrowing needs that do not fit a straightforward application. The available options will still depend on the relevant lenders’ criteria.

Our advisers can review the full circumstances of the case and identify lenders whose criteria may be better suited to the application.

Timescales vary according to the lender, property, valuation, legal process and complexity of the application. Delays can also occur where further information or documentation is required. PF Financial can help prepare and submit the application and maintain communication with the relevant parties, but completion dates cannot be guaranteed.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Pensions can form a significant part of the overall financial position during divorce. They may need to be considered alongside property, savings, investments and other assets when future arrangements are being discussed. Their value and the available options can be more complex than the headline figures provided by a pension scheme.

PF Financial can provide specialist pension analysis to help you and your professional advisers understand how the pension assets fit within the wider financial picture.

A Pension on Divorce Expert, or PODE, report is an independent assessment of the pension assets involved in a divorce. It can analyse the benefits, consider their underlying value and provide information about possible ways of addressing pensions within the wider financial settlement.

PF Financial can prepare a PODE report based on the agreed instructions and the specific pension issues that need to be considered.

A Cash Equivalent Transfer Value provides an important starting figure, but it may not always represent the full value or characteristics of the pension benefits involved. This can be particularly relevant with defined benefit or final salary pensions. A specialist assessment can provide additional context and analysis.

Where the pensions are complex or materially different, a PODE report can help explain why the transfer values alone may not provide a complete comparison.

A PODE report may consider the value of pension benefits, potential pension sharing arrangements, pension offsetting, equality of capital or retirement income, future income projections and relevant tax considerations. The precise scope should be agreed according to the pensions and issues involved in the case.

PF Financial can work from instructions provided by an individual, solicitor or mediator to ensure the report addresses the relevant questions.

Pension sharing involves dividing pension benefits through a formal pension sharing order as part of the divorce settlement. A percentage of one person’s pension rights is transferred or allocated for the benefit of the other person. The eventual outcome depends on the order, pension scheme rules and how the resulting benefits are arranged.

A specialist report can help illustrate how different pension sharing percentages may affect the parties’ respective retirement positions.

Pension offsetting involves considering pension rights against other assets within the settlement. For example, one person may retain more of a pension while the other retains a greater share of another asset. A specialist report can help illustrate the possible long-term financial effect of this approach.

PF Financial can provide financial analysis to help the parties and their legal advisers compare pension offsetting with other potential arrangements.

Yes. Looking only at capital values may not show the retirement income each pension could potentially provide. A PODE report can consider future income and help illustrate how different arrangements might affect each person’s longer-term retirement position.

A report may be requested by an individual, solicitor, mediator or other professional involved in divorce proceedings. The instructions and scope should be clearly agreed so that the report addresses the relevant pension assets and questions.

No. A PODE report provides specialist pension analysis and can support discussions about a financial settlement, but it does not replace advice from a family solicitor or other relevant legal professional. Legal advice may still be required regarding the settlement and any court order.

It is generally helpful to obtain specialist pension analysis once sufficient information about the pensions is available and before final financial arrangements are agreed. Your solicitor or mediator may also advise when a report is required within the wider divorce process.

PF Financial can liaise with you or your professional adviser to clarify the information and instructions needed before the report is prepared.

Retirement planning involves bringing together your pensions, investments, savings, expected income and future goals to create a clearer picture of the retirement you would like to achieve. It can help you consider when you may be able to retire, the income you could need and how your existing financial arrangements may support that lifestyle.

PF Financial can help you build a joined-up retirement plan based on your current position, longer-term priorities and the lifestyle you hope to enjoy.

Retirement planning can be useful at every stage of adult life, whether you are building your pension during your career, beginning to think seriously about retirement or already drawing an income. Starting earlier may provide more time to review contribution levels, investment choices and any gaps between your current position and your longer-term goals.

There is no single contribution level that will be right for everyone. The amount may depend on your current pension savings, income, planned retirement age, desired lifestyle and the time available for your money to grow.

A personalised retirement review with PF Financial can help you understand whether your current contributions appear aligned with your plans and whether any adjustments may be worth considering.

Combining pensions can make some arrangements easier to manage, but consolidation is not automatically suitable for everyone. Existing pensions may have different charges, investment options, guarantees or valuable benefits that could be lost following a transfer. Each pension should therefore be reviewed carefully before deciding whether consolidation is appropriate.

PF Financial can review your existing pension arrangements, explain the potential benefits and drawbacks of consolidation, and help you decide whether bringing your pensions together may be appropriate for your circumstances.

Investment recommendations should reflect your objectives, the time before you expect to access the money, your attitude towards investment risk and your capacity to absorb potential losses. Your wider financial circumstances and anticipated retirement income needs should also be considered before an investment strategy is recommended.

Our advisers can help you understand how different investment approaches may fit within your wider retirement plans and the level of risk you are comfortable taking.

An annuity generally uses some, or all of, a pension fund to provide an agreed retirement income. Flexi-access drawdown normally allows the remaining pension to stay invested while income is withdrawn more flexibly. Some people may also consider a combination of the two. The most suitable approach will depend on your needs, priorities and circumstances.

PF Financial can explain how the available retirement income options work and help you consider which approach may be appropriate for you.

A solid retirement income strategy should consider how and when money is taken from pensions, savings, ISAs and other investments. Spreading withdrawals across different sources can sometimes help manage tax more effectively, although the appropriate approach will depend on current tax rules, available allowances and your personal financial position.

A structured income review can help you understand how your different assets may work together and identify matters that may require specialist tax advice.

Yes. A retirement plan can consider pensions alongside savings, cash, ISAs, investments and other assets or income sources. Looking at these arrangements together may provide greater flexibility and help create a more joined-up income strategy, rather than relying on one pension or investment in isolation.

Your circumstances, priorities, investment values and retirement plans can all change over time, as can the wider economic and political landscape. What appears sustainable today may look very different in the years ahead as markets, inflation, interest rates, taxation and legislation evolve. Regular reviews provide an opportunity to check whether your arrangements remain aligned with your objectives, understand how they are progressing and consider whether adjustments may be appropriate.

PF Financial offers ongoing reviews to help ensure your pensions and investments continue to reflect your circumstances, objectives and attitude towards risk.

Investment values and the income they produce can rise as well as fall. You may not get back the amount originally invested, and past performance is not a guide to future performance.