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Guide to retirement

Retirement on your terms

Pensions bring security and financial independence, offering significant opportunity for tax-efficient investing throughout your working life.

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Starting early leads to better outcomes

Improvements in life expectancy and greater work flexibility mean people today have a much broader suite of retirement options. Irrespective of when or how you decide to retire, having enough income to maintain the lifestyle you’ve planned for is fundamental.

There’s no rule book that dictates when to start saving for retirement, but one thing is for certain, the earlier you start, the better the outcome.

Why do pensions matter?

A pension is a long-term saving plan that you build up across your working life to create enough income for your retirement. Pensions are one of the most tax-efficient ways to save for retirement, as you can avail of tax relief on your contributions. Your pension can bring security and financial independence, however the options and the rules can be complex. Our team has the knowledge and expertise to help you structure your pension optimally, maximising its potential value.

Where should I start?

At Davy, we begin every pension conversation with the basics, such as when and how you would like to retire. This isn't always a straightforward conversation, particularly for business owners where there are succession considerations. We evaluate where you’re at now in relation to your pension savings, taking into account existing pension funds and other assets like business wealth and property. We build your plan from that point forward.

Pre-retirement advice

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Keeping you safe

Incidents of fraud and cybercrime are increasing with scams becoming more sophisticated and harder to identify. Fraudsters are continuously coming up with new ways to try to illegally access personal and financial information, often by convincing people that they are dealing with a company they know. Visit our security centre to learn more about the types of scams to be aware of, what to do if you’re the victim of fraud and ways to protect yourself.

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Our wealth management service may include guidance or information in relation to your pension, retirement needs, life assurance, income policies, other investments, or succession planning. Information on this website is not investment advice as it does not take into account the investment objectives, knowledge and experience or financial situation of any particular person. Prospective investors should make their own assessment of the information and obtain advice suitable to their own individual circumstances. Wealth management & financial planning may include general guidance or information on tax and estate planning. Please note we do not provide tax or legal advice, nor accept liability for it. We recommend that you consider seeking tax and legal advice from professionals, with whom we are happy to engage. 

We search the globe to identify world-class investment managers across a range of assets including equities, bonds, alternative investments, private equity and property for our clients’ portfolios.

All data correct as at November 2025. The ‘Voice of the Client’ survey was conducted in 2025 with a large representative sample of the Davy UK base.