Retirement Income Questionnaire | Chilvester Financial

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This questionnaire is designed to help us really understand your current and future income needs and objectives. We'll use your responses to inform our next discussion, before making our recommendations.

Your name*

Thinking of your income needs, both now and in the future, which of the following appeal to you? (Select as many as you like)*

Knowing that I have a guaranteed income for the rest of my life

To at least have a certain amount of guaranteed income

The ability to increase my income if necessary

The ability to reduce my income if necessary

The ability to take ad-hoc withdrawals if necessary

Are you planning to take a tax-free lump sum from your pension?*

Yes

If yes, how much do you need?*

What do you plan to use this money for?*

Are you happy to give up tax-free cash to give you more regular income?*

Yes

How much income (after tax) do you think you’ll need each year in retirement?*

What have you based this figure on?*

It reflects my current income

It reflects my current level of expenditure

It reflects my expected level of expenditure

Other

Will your pension be your only source of income in retirement?*

Yes

If no, where will other income come from?*

Thinking of your income needs, both now and in the future, what gives you a greater peace of mind?*

Knowing that I have a set regular monthly income for life

To be able to be flexible with my income, for example to increase or decrease it

I want the highest possible income in the first few years, even if it might be lower later

I’d prefer to start with a lower income now so that I can take more later

I need a certain amount each year but can be flexible with anything above that

My income needs might change year-to-year, so I want flexibility

Is it important that your income increases with inflation, or are you okay with it staying the same each year?*

Yes, it should increase with inflation

No, I'm happy for it to remain level

Are there any current or previous health issues we should consider? (For example, have you ever had a heart attack/stroke/cancer or anything that might affect your life expectancy, or the amount of income you need)*

Yes

If yes, please give details*

Do you take any regular medication? (For example, for high blood pressure, high cholesterol etc.)*

Yes

If yes, please give details*

Do you have a spouse or partner?*

Yes

Do they have their own income?*

Yes

Would their own income be enough to cover their needs without your income?*

Yes

Not sure

Would you like to make sure they get some of your pension after you pass away?*

Yes

Not sure

Would you prefer them to get regular payments or a lump sum?*

Regular payments

A lump sum

Not sure

Do they have any health issues?*

Yes

Please provide details*

Do you have children or other dependents you’d like to benefit from your pension?*

Yes

Do you expect that you or your employer will continue making pension contributions?*

Yes

Not sure

Have you obtained a state pension forecast?*

Yes

Please provide your weekly state pension forecasted amount*

You can get a forecast of your state pension through the GOV.UK website: Check your state pension

How do you feel about having a guaranteed income for life (such as an annuity) compared to taking a flexible income that can change based on your needs and investment performance?*

What are your biggest concerns about making sure your pension provides for you over your lifetime?*

If your pension income were to decrease unexpectedly, what changes would you be willing to make to your spending or lifestyle? How would you adapt?*

Retirement income

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