Registered Independent Financial Advisers

Eshwood Hall, New Brancepeth, Durham, DH7 7HG


The average life expectancy in the UK is rising and we all want the opportunity to enjoy our ‘golden years’ rather than working into our 70s. Planning where your regular income is going to come from in retirement will give you peace of mind and leave you prepared to retire from working life whether that’s in 40 years time or just 10!

The pensions landscape has changed significantly and while the state pension provides many with the security of having a small guaranteed income, in today’s and tomorrow’s world it’s not really enough on its own for anyone to live on. The government encourages us to save for our retirement by making pension contributions tax free and introducing new schemes like auto enrolment to help make sure we are not reliant only on the state pension.

Everyone has different incomes, lifestyles, and retirement plans and likewise there are a number of different routes, financial products and ways to draw income at retirement. These different options can have significant impacts upon the amount of income you receive during your retirement. For example opting for the 'open market option' when retiring rather than just accepting what your existing provider offers can result in a 20%+ higher annual income, more should you have existing health issues.

TB Patterson Associates will be able to help you with all aspects of your pension and retirement planning needs, whether you are just starting out, through changing life stages, and onto retirement and income generation.