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Investing close to retirement

Investing is an important part of building up your pension, so as your retirement age draws closer and you think more about how you want to spend this time, it’s wise to review your plans carefully. Small adjustments to your investment strategy now could make all the difference to how you generate and protect your retirement income. 

A lot depends on what you want your retirement to look like and other considerations like helping children onto the property ladder or having enough for later-life care. Our independent Wealth Planners can work with you to establish how best to invest as you near retirement.


Request a callback

To discuss investing close to retirement, book a complimentary, no-obligation consultation.

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Frequently asked questions about investing near retirement

Our short video series answers some of the most frequently asked questions about investing close to retirement: 

  • How can we help you invest as you near retirement? 
  • What can I do if I don't have enough money for the retirement I want? 
  • How should I manage my investments 5 years before retirement? 
  • How should I manage my investments 10 years before retirement? 
  • Is it worth phasing my retirement? 

Investing near retirement

Want to learn more before you speak to us?

Watch Thomas Becket from our CIO office to learn more about the right investment strategy as you near retirement.

Watch the video

How to invest as you near retirement

First, consider how you’ve invested up to this point. For example, what’s your level of investment experience? How much risk are you comfortable with? What sort of assets are you invested in at the moment?

Then think about your needs in retirement and how you might generate an income. There are various options to consider. For example, do you intend to trade in your pension for an annuity so that you can have a guaranteed income? Or do you intend to continue investing in retirement?

If you intend on taking an annuity, it may make sense to start moving money into lower risk assets such as cash, bonds or gilts. On the other hand, if you intend to continue investing, you might want to think about moving some money into investments that drive more income going forwards.

Striking the right balance when it comes to investment risk is an important element of any retirement plan, particularly as you near your retirement age. Too much risk and there is less time to recover any potential losses. Too little and it could mean your savings don’t keep up with inflation. 

Investing close to retirement – how can we help you?

1. Detailed planning

Our independent Wealth Planners will work closely with you to understand your retirement goals and lifestyle wishes. Based on this, they will create a near-retirement investment strategy to deliver your desired retirement income in the timeframe you need it.

2. Rigorous stress-testing

By carrying out a cash flow planning exercise, your personal Wealth Planner can stress-test your plans against various scenarios, such as rising inflation or market dips to ensure you achieve your retirement goals. The good news is that by investing in certain specialist investments, there are opportunities to mitigate inflationary risks.

3. Regular monitoring and reviews

When it’s your own money, it’s very hard not to react to moves in the markets. Our wealth management experts provide that objectivity and are qualified and experienced to make changes to your investments when it’s appropriate. They will continually monitor your investment portfolio’s performance over time, making enhancements when necessary to keep it on track.


Retirement calculator – do you have enough for your retirement?

Use our simple retirement calculator to work out if you have enough for retirement. You can do this by working out how much money you have saved for retirement now across your various pension, investment and savings accounts, and projecting your total retirement savings into the future.

Calculate if you'll have enough money in retirement

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We hope that your report provides motivation to keep building confidence in your financial future. We know it can be a daunting task so if you have any questions, please call one of our wealth planning experts.

Want to review your retirement planning?

Arrange a no-obligation, complimentary consultation with an independent wealth planner now.

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Tips on how to invest close to retirement

1. 10 years from retirement – boost your pension and review asset allocation 

At this stage, the balance and asset allocation of your investments and your pension is going to be critical as it could impact the retirement income you can expect and the lifestyle you’ll be able to achieve. So, if you haven't yet prioritised retirement planning, now is the time to do so.

If you can afford it, consider making additional lump sum contributions into your pension to boost your retirement savings. A word of caution however, as there are potential tax pitfalls:

  • The annual pension allowance limits the amount you can contribute into your pension in a single year while still receiving tax relief
  • The lifetime allowance is the maximum amount you can save into your pension over your lifetime without paying excess taxes.

Asset allocation will be a critical part of your retirement investment strategy, but the right balance is dependent on many different things, which your expert personal Wealth Planner can advise you on. 


2. Five years from retirement – prepare a retirement budget and reduce risk

Now could be a good time to start thinking about converting your pension savings into retirement income. There are many options around this and your personal Wealth Manager can help determine which approach is right for you. 

With your retirement drawing ever closer, it may also be sensible to start reducing your exposure to higher-risk investments to ensure your capital is protected as much as possible. Your dedicated personal Wealth Manager can help you to balance your assets and manage risk to help you achieve your goals.


3. Near retirement – consider a phased retirement

Phasing your retirement offers the flexibility of continuing to work (perhaps part-time) while enjoying more leisure time.

The benefit of phasing your retirement is that you can continue to receive an income and perhaps put more towards your retirement ready for when you stop work completely. It can stretch out the costs of retirement and ensure that your expenditure demands will be met.

If you’re unsure if now is the right time, speak to one of our personal Wealth Planners who can look at the long-term impact of reducing your working week slowly over time.

Investing close to retirement – how we can help?

If you’re coming up to retirement, knowing exactly how to invest to ensure you can enjoy your retirement can be daunting. Our personal Wealth Managers have the expertise and importantly, the independence to advise you on the best way forward.

Your dedicated personal Wealth Planner can:

  • Take you through a cash flow planning exercise to let you know if your retirement date is realistic and achievable based on your current financial situation and retirement savings
  • Stress-test their plans against various scenarios such as market falls and rising inflation, so you can feel confident in your retirement plans
  • Determine the best investment strategy to help you retire when you want to
  • Review your plans on a regular basis and make adjustments as and when they are needed.


Request a callback

To discuss investing close to retirement, book a complimentary, no-obligation consultation.

Request a callback

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The tax treatment of all investments depends upon individual circumstances and the levels and basis of taxation may change in the future. Investors should discuss their financial arrangements with their own tax adviser before investing.

The tax treatments set out in this communication are based on our current understanding of UK legislation. It is a broad summary and cannot cover every circumstance and it does not constitute advice.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity.


Our specialist wealth planning solutions

Retirement planning

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Inheritance tax services

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Long-term care planning

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Services for business owners

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Comprehensive wealth planning

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Wealth management explained

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Keeping you informed

Autumn Statement 2023: A statement for growth?

Read our summary of the Chancellor’s Autumn Statement, in which we examine how the Chancellor’s announcements may impact you.

Read more
Investment Outlook November 2023

Read our latest Investment Outlook to learn how we are navigating through the economic turbulence to identify key investment opportunities.

Read more

Wealth management updates

See all blog posts



Meet some of our wealth planning experts

If you would like to know more about how our independent Wealth Planners can help you invest as you near retirement, please get in touch. We will be delighted to provide more details of our services.

Photo of Antony Summers

Antony Summers

Wealth Planning Director

Antony provides investment and financial planning advice to private clients and strategic investment advice to trusts, pension schemes and charities. He has a particular specialism in dealing with the investment consultancy issues surrounding individuals, trusts and charities.

As a Wealth Planning Director he not only has significant financial planning experience but also has a strong tax background having previously worked for an accountancy firm where he specialised in the provision of tax and financial planning advice.

Antony strongly believes in Life Planning, which helps his clients visualise whether they are on track to meet their lifetime financial objectives. Through this he can help them plan and implement actions to address any issues identified.

Antony is a Certified Financial Planner and qualified in investment management via the UK Society of Investment Professionals. He is also a member of the Personal Finance Society and the Chartered Insurance Institute.

Photo of Frazer Wilson

Frazer Wilson

Senior Wealth Adviser

I have worked in financial services for over 35 years and joined the company in 2019. I help clients plan for the future with reference to individual needs and life goals. I pride myself on delivering sensitive and workable solutions to my clients’ concerns. I’m a Chartered Financial Planner and a fully accredited member of SOLLA.




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Typically, we provide financial advice to clients with assets over £250,000 or investment management services to clients who have over £250,000 of investable assets. If you’re looking for investment services at lower levels, we may have other options available.

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What happens next?

1. Arranging an initial consultation

First you can expect to receive an email from our team within 48 hours to find a suitable time that works for you, to arrange a voice or video call for an initial consultation.

2. Your consultation 

During this consultation, a member of the team will discuss your situation with you to understand your requirements and answer any questions you might have about Canaccord Genuity Wealth Management and the services that we provide.

3. Referral to a Wealth Planner or Investment Manager

If you decide to progress with us, you will be referred to one of our Wealth Planners or Investment Managers to discuss your situation and requirements in more detail. They will then design a bespoke proposal detailing a unique investment portfolio that matches your individual requirements and attitude to risk, to meet you and your family’s needs.

4. Working with you long-term

With our wealth planning and investment management professionals, your wealth is in expert hands. Our mission is simple - to help you build your wealth with confidence. We will always keep you informed about your investment portfolio and performance and will continue to work with you to build our relationship on your terms. We can meet with you face-to-face, by phone or by email, whichever is more convenient for you. You can also access your account online at any time through our app. Our wealth management professionals are always readily available to speak with you.


Investment involves risk and you may not get back what you invest. It’s not suitable for everyone.

Investment involves risk and is not suitable for everyone.