90: Retiring Before State Pension Age? How to Bridge the Gap
Wealth of Advice
6,423 views
If you’re planning to retire before State Pension age, how do you fund the years in between?
In this episode of Retire Well, Matthew and Joe explore how to bridge the retirement income gap by making the most of the different assets available to you. They discuss why retirement planning shouldn’t just focus on pensions, and how cash savings, ISAs, defined contribution pensions and defined benefit pensions can all play a role in creating a sustainable and tax-efficient income.
They also look at using your Personal Allowance before the State Pension kicks in, whether it can make sense to take a defined benefit pension early, and why being tax efficient shouldn’t come at the expense of enjoying the retirement you’ve worked for. Plus, they explore how your financial plan may need to change once the State Pension starts, from investment decisions and gifting to inheritance and estate planning.
Finally, Matthew and Joe discuss how potential inheritances should fit into a retirement plan and why regular reviews are so important as your goals, tax rules and circumstances change.
--
CHAPTERS
00:00 - Intro
02:49 - What do you have available to fill the gap?
06:28 - Role of cash in retirement
08:11 - What tax-efficient sources you can use?
12:30 - How defined benefit pensions change your income need
18:40 - What changes at State Pension Age?
23:00 - Importance of Ongoing Advice
26:55 - Summary, Listeners Question and Outro
--
JOIN OUR BUDGET Q&A
28th October 2026, 5:30 PM - 6:30 PM
https://www.retirewellpodcast.co.uk/e...
--
TALK TO US
Call us: 0191 384 1008
Email us: retirewell@wealthofadvice.co.uk
Website: www.retirewellpodcast.co.uk
--
SUBSCRIBE TO OUR NEWSLETTER
Subscribe to our newsletter for monthly retirement planning insights.
www.retirewellpodcast.co.uk
---
Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.
6 Comments
The bridge years roughly need to go up £1000 a year to stay with inflation.
Then life expectancy comes into play.
Plan to just live off State Pension at 80.
If you get that far then you have won the game.
A good sort of die with zero method.
The taxman n vultures won't like that method though 😂😂
90: Retiring Before State Pension Age? How to Bridge the Gap
Wealth of Advice
6,423 views
If you’re planning to retire before State Pension age, how do you fund the years in between?
In this episode of Retire Well, Matthew and Joe explore how to bridge the retirement income gap by making the most of the different assets available to you. They discuss why retirement planning shouldn’t just focus on pensions, and how cash savings, ISAs, defined contribution pensions and defined benefit pensions can all play a role in creating a sustainable and tax-efficient income.
They also look at using your Personal Allowance before the State Pension kicks in, whether it can make sense to take a defined benefit pension early, and why being tax efficient shouldn’t come at the expense of enjoying the retirement you’ve worked for. Plus, they explore how your financial plan may need to change once the State Pension starts, from investment decisions and gifting to inheritance and estate planning.
Finally, Matthew and Joe discuss how potential inheritances should fit into a retirement plan and why regular reviews are so important as your goals, tax rules and circumstances change.
--
CHAPTERS
00:00 - Intro
02:49 - What do you have available to fill the gap?
06:28 - Role of cash in retirement
08:11 - What tax-efficient sources you can use?
12:30 - How defined benefit pensions change your income need
18:40 - What changes at State Pension Age?
23:00 - Importance of Ongoing Advice
26:55 - Summary, Listeners Question and Outro
--
JOIN OUR BUDGET Q&A
28th October 2026, 5:30 PM - 6:30 PM
https://www.retirewellpodcast.co.uk/e...
--
TALK TO US
Call us: 0191 384 1008
Email us: retirewell@wealthofadvice.co.uk
Website: www.retirewellpodcast.co.uk
--
SUBSCRIBE TO OUR NEWSLETTER
Subscribe to our newsletter for monthly retirement planning insights.
www.retirewellpodcast.co.uk
---
Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.