How can Destination Retirement help
Retirement planning
- Look at the whole picture - consider all your pensions and savings, along with your State Pension and any other income you might have.
- Plan with a partner - if you have a partner, we can help you plan a retirement for both of you.
- Want cash from your pension before you retire? Discover how much tax you might pay and sense-check the longer-term impact.
- Support when you need it – you can plan at your own pace… but our friendly experts are always on hand to help.
- It's free to register - you can create and compare as many retirement plans as you like.
Retirement Income Advice
- Turn everything into a regular income - receive the money you need in your bank account, to meet your planned expenses.
- Save the tax headaches - we run hugely complex calculations to find different ways to use your retirement savings, so you don't pay more tax than you have to.
- Have more money to enjoy in retirement - we ensure your retirement savings are used in a tax-efficient way. This could mean you have tens of thousands of pounds more to spend over the course of your retirement.
- Save time - we bring all your retirement savings together, handle all the paperwork so you don’t have to worry about any of the admin.
Your capital is at risk and investments can go down as well as up.
Why use Retirement Income Advice
Why do I need advice?
Managing retirement finances is complex. Getting professional advice increases the likelihood of a better result.
Our advice gives you access to a personalised tax-efficient and managed investment plan to help you get the most from your retirement savings.
Can’t I just do it myself?
If you need your boiler serviced, you call a specialist. Financial planning for retirement is no different – it pays to use a specialist. Few of us will have the experience, knowledge and skills to get the most from our retirement finances for the rest of our lives.
For over 20 years the Destination Retirement team have been developing market-leading financial technology and services to meet the needs of people in retirement.
What do I get for free?
Access to our Retirement Planner to help you create a personal plan for your retirement based on the savings you have and the things you want to spend your money on.
Bitesize videos to discover the basics of retirement planning.
Wherever you are on your retirement journey, you can talk things through with a UK-based specialist.
When am I charged a fee?
We only charge if you ask us to put your retirement plan into action and manage your retirement income for you.
You’ll get professional regulated financial advice to ensure your plan is suitable for your needs.
There's no fee payable to receive advice. If you decide to put your plan into action then ongoing fees apply - this will be a maximum of 1.04% per year of the funds invested. See how your fees are calculated in the table below.
Fees are made up of:
| Ongoing advice fee – 0.60% | Paid for the Retirement Income Advice service, including ongoing reviews, advice and co-ordination of your plan’s payment schedule. |
| Platform and Administration Charge - 0.30% | This falls to 0.20% for any amount above £250,000 per person. |
|
Fund charge – 0.14% |
Paid to the investment managers for managing your investments. |
|
One-off annuity arrangement fee |
If your plan includes a lifetime annuity then there would also be a one-off annuity arrangement fee of 2% of the purchase price. There would be no ongoing fees for this. |
What do I get in return for my annual ongoing service fee?
Destination Retirement provides ongoing regulated advice and support
The service:
- Transfers the money you need into your bank account, helps you use your savings in a tax-efficient way, which could help minimise the amount of income tax you pay the government. This could mean you have tens of thousands more to spend in retirement.
- Allows you to make multiple changes to your objectives and see what impact this will have on your finances.
- Provides you with an annual review of your plan to make sure it still meets your objectives, but you can make changes more frequently if you choose.
- Gives you access to our Retirement Specialists via web chat and by phone.
About Destination Retirement
Who provides Destination Retirement?
Destination Retirement is a trading name of HUB Financial Solutions and is part of Just Group plc a FTSE-250 listed financial services company, that has been trusted by over 700,000 customers to look after more than £27bn of their retirement savings.
Total focus
We champion our customers and help you with your financial security and aspirations in retirement. We help people achieve a better later life. That's why we exist, that's our purpose.
Destination Retirement is a trading name of HUB Financial Solutions Ltd, part of Just Group
Rated excellent, Jan 2025
Our Retirement Planner
Individual limits apply
Common questions
Based on the information you share, Destination Retirement calculates a tax-efficient way of accessing your savings.
It does this by comparing the different ways you could access your savings and calculating how much tax you'd pay. The different options it calculates include the impact of variables like the order of withdrawals, their timing and your individual tax position.
Millions of data points are generated, which are condensed into a single recommendation that you can download.
The calculations are automated, so you can update or experiment with your plan at any time.
When you ask us to implement your retirement plan, we bring your pensions and investments together in one place so we can manage them on your behalf. We also advise on selecting appropriate investment funds from BlackRock who are one of the World’s largest asset managers.
Destination Retirement is a trading name HUB Financial Solutions, part of Just Group. They are a FTSE-250 company who 700,000 people already trust them to look after more than £27bn of their pension savings.
With Destination Retirement you can create a free personalised plan today. It will help clarify when you can retire and how much you’ll need for your lifestyle choices.
When you’re ready to retire, you can then ask us to put it into action.
We are a purpose driven company - we help people achieve a better later life. That's our purpose, it's why we exist, it drives our behaviours and focuses the way we develop our solutions and services.
We are action orientated - we are experts in what we do. We know our customers and our market. We constantly find creative solutions and better ways of doing things.
Supporting our customers ambitions - helping our customers to achieve their objectives is our priority.