30/09/2026
I asked a prospective client last week if they knew how much their pension was worth.
They had a rough idea. A number they vaguely remembered from a statement they'd received a while back. But when I asked whether they knew how much they could afford to withdraw from it each year without it running out?
βNo idea.β
That's actually completely normal. A pension pot figure on a statement doesn't tell you very much on its own.
The real question is how long that money needs to last and how much you can safely take from it each year to fund the life you want.
Get that balance wrong in one direction and you run out of money. Get it wrong in the other and you spend your retirement living more cautiously than you needed to.
A financial plan takes your pension, your other assets and your expected retirement spending and allows us to work out a withdrawal strategy that gives you confidence your money will last as long as you need it to.
Do you know how much you can afford to take from your pension each year without it running out? β
Manor 5 Financial is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
SJP Approved 09/09/2026