{"id":2818,"date":"2023-12-06T15:30:08","date_gmt":"2023-12-06T15:30:08","guid":{"rendered":"https:\/\/atsipp.co.uk\/?page_id=2818"},"modified":"2024-01-16T11:23:36","modified_gmt":"2024-01-16T11:23:36","slug":"retirement-health","status":"publish","type":"page","link":"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/","title":{"rendered":"Retirement Health"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_3_4 3_4 fusion-three-fourth fusion-column-first\" style=\"--awb-bg-size:cover;width:75%;width:calc(75% - ( ( 4% ) * 0.75 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><h3><b>How much do individuals need for retirement?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Pension and Lifetime Savings Association in partnership with Loughborough University have developed a Retirement Living Standards <\/span><a href=\"https:\/\/www.retirementlivingstandards.org.uk\/\"><span style=\"font-weight: 400;\">resource<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This was built to help people understand what their retirement lifestyle might cost, either as an individual or couple, by estimating key expenses like food, home, transport, holidays and leisure, clothing, other personal expenses and giving.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Combining these costs, individuals can choose from 3 possible retirement level expenditures (- minimum, moderate or comfortable) based on different lifestyles depending on their preferences and retirement goals.<\/span><\/li>\n<\/ul>\n<h3><b>What should those thinking about taking their pension money now consider?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dipping into your pension pot early, for example to cover short-term living expenses, could have a significant impact on their future retirement impact.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Withdrawing money from a pension can have tax implications. Normally, only a cash lump sum of 25% of your pension pot is tax free. In addition, it may limit tax reliefs available for any future pension contributions.<\/span><\/li>\n<\/ul>\n<h3><b>What support is available for those thinking about taking their pension money?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.moneyhelper.org.uk\/en\/pensions-and-retirement\/pension-wise\"><span style=\"font-weight: 400;\">Pension Wise<\/span><\/a><span style=\"font-weight: 400;\"> from MoneyHelper offers free, impartial guidance to over 50s with a defined contribution pension pot (either personal or workplace).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This government service includes an approximately 60-minute appointment with a pension expert.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">During the Pension Wise appointment the different pension options available will be explained as well as the other things that need to be thought about.+<\/span><\/li>\n<\/ul>\n<h3><b>What should those thinking about stopping or reducing pension contributions consider?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Stopping or reducing pension contributions can have long term financial consequences, as a smaller pension pot now could lose out on potential future growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It could impact on their employer contribution available.<\/span><\/li>\n<\/ul>\n<h3><b>What should those thinking about using drawdown consider?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You need to carefully consider how much income you can afford to draw from your plan, otherwise there is a risk you could run out of money.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is also important to regularly review your income levels to take account of investment performance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To help enable informed drawdown decisions, we have teamed up with <\/span><a href=\"https:\/\/try.guiide.co.uk\/atsipp\/\"><span style=\"font-weight: 400;\">Guiide<\/span><\/a><span style=\"font-weight: 400;\"> to allow of our members free access to their pension calculator.<\/span><\/li>\n<\/ul>\n<h3><b>What does Guiide pension calculator do?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you want to drawdown your pension, it shows you how much you need to pay in before you retire and how much to take from your pension and other savings when you retire, to get what you want tax efficiently and avoid running out of money.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It also shows you how much money you can save in tax, meaning more of your money can go towards you retirement income.<\/span><\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_5 1_5 fusion-one-fifth fusion-column-last\" style=\"--awb-bg-size:cover;width:20%;width:calc(20% - ( ( 4% ) * 0.2 ) );\" id=\"sidebar\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-2\"><!-- Widget Shortcode --><div id=\"nav_menu-7\" class=\"widget widget_nav_menu widget-shortcode area-avada-custom-sidebar-customersupportmenu \" style=\"border-style: solid;border-color:transparent;border-width:0px;\"><h2 class=\"widgettitle\">Customer Support<\/h2><div class=\"menu-customer-support-container\"><ul id=\"menu-customer-support\" class=\"menu\"><li id=\"menu-item-2856\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2856\"><a href=\"https:\/\/atsipp.co.uk\/customer-support\/share-with-us\/\">Share with us<\/a><\/li>\n<li id=\"menu-item-2855\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2855\"><a href=\"https:\/\/atsipp.co.uk\/customer-support\/wellbeing-support\/\">Wellbeing Support<\/a><\/li>\n<li id=\"menu-item-2854\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2854\"><a href=\"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/\">Retirement Health<\/a><\/li>\n<li id=\"menu-item-2853\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2853\"><a href=\"https:\/\/atsipp.co.uk\/customer-support\/protect-yourself-from-scams\/\">Protect Yourself from Scams<\/a><\/li>\n<\/ul><\/div><\/div><!-- \/Widget Shortcode -->\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":0,"parent":2813,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Retirement Health - atsipp<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retirement Health - atsipp\" \/>\n<meta property=\"og:url\" content=\"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/\" \/>\n<meta property=\"og:site_name\" content=\"atsipp\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-16T11:23:36+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/\",\"url\":\"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/\",\"name\":\"Retirement Health - atsipp\",\"isPartOf\":{\"@id\":\"https:\/\/atsipp.co.uk\/#website\"},\"datePublished\":\"2023-12-06T15:30:08+00:00\",\"dateModified\":\"2024-01-16T11:23:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/atsipp.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Customer Support\",\"item\":\"https:\/\/atsipp.co.uk\/customer-support\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Retirement Health\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/atsipp.co.uk\/#website\",\"url\":\"https:\/\/atsipp.co.uk\/\",\"name\":\"atsipp\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/atsipp.co.uk\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Retirement Health - atsipp","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/","og_locale":"en_US","og_type":"article","og_title":"Retirement Health - atsipp","og_url":"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/","og_site_name":"atsipp","article_modified_time":"2024-01-16T11:23:36+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/","url":"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/","name":"Retirement Health - atsipp","isPartOf":{"@id":"https:\/\/atsipp.co.uk\/#website"},"datePublished":"2023-12-06T15:30:08+00:00","dateModified":"2024-01-16T11:23:36+00:00","breadcrumb":{"@id":"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/atsipp.co.uk\/customer-support\/retirement-health\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/atsipp.co.uk\/"},{"@type":"ListItem","position":2,"name":"Customer Support","item":"https:\/\/atsipp.co.uk\/customer-support\/"},{"@type":"ListItem","position":3,"name":"Retirement Health"}]},{"@type":"WebSite","@id":"https:\/\/atsipp.co.uk\/#website","url":"https:\/\/atsipp.co.uk\/","name":"atsipp","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/atsipp.co.uk\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/pages\/2818"}],"collection":[{"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/comments?post=2818"}],"version-history":[{"count":8,"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/pages\/2818\/revisions"}],"predecessor-version":[{"id":2875,"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/pages\/2818\/revisions\/2875"}],"up":[{"embeddable":true,"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/pages\/2813"}],"wp:attachment":[{"href":"https:\/\/atsipp.co.uk\/wp-json\/wp\/v2\/media?parent=2818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}