Keep your eye on the ball to meet your retirement goal

Keep your eye on the ball to meet your retirement goal. 

Ray had looked ahead to his retirement and intended to make the most of it. He paid into a pension for about 10 years and had plans to retire when he was 55. 


However, a couple of years ago he came to us and our review of his financial situation revealed that there was a danger his pension pot wasn't going to be big enough to allow him to meet his target. 

Fortunately, we identified the problem in time. Together with Ray, we devised a strategy whereby he would increase his pension contributions. Also, he had saved a significant sum in ISAs, which he can also pay into his pension pot and receive 40% tax relief to add to it, as he is a higher rate taxpayer. These measure together mean that Ray is now back on track to meet his target retirement age. 

This underlines the importance of constantly reviewing your retirement strategy, pension arrangements and financial situation.  A situation that looked good five years ago, might not look the same today. It might be worse, as in Ray's case, and need some remedial action to correct it, or, it might be better and perhaps you can retire earlier than you had anticipated. In both cases, you will remain in blissful ignorance unless you review. 

This is why at Reeves we conduct regular reviews of our clients' pension arrangements, so that we can recommend, at the earliest possible stage, any adjustments that are required. 

Also, this quarter we'll be repeating our end of year tax planning campaign which starts in February. If you want to be registered for this service, make sure you get in touch with your Reeves client account manager by emailing

Alternatively, if you are not a client and you are interested in our services- please contact

It is important that no actions should be taken without first taking advice. Personal circumstances and an individual's appetite for risk means that the advice for one person may not be the same for everyone. The information in this blog or any response to comments should not be regarded as financial advice. Reeves do not advise on Defined Benefit pension schemes. Reeves do introduce a third party specialists in areas of work we do not cover. Please note: This article has been published with the use of a fictional character to outline a case study. 

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About the Author

By Nigel Reeves: My mission is to provide the quality, honest & jargon-free pension advice that people need to secure the retirement they deserve. At home, I'm a family man and an active supporter of grassroots sports!

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