Just Destination Retirement

Introducing Destination Retirement

Destination Retirement is a planning and advice service. It helps bring together the things you could need to retire.

If you're starting to think about your retirement, Destination Retirement is where you come to learn about retirement planning, make a big-picture plan and get on the right track.

Wherever your journey starts with us, our friendly, UK based Retirement Specialists are on hand to help you.

Retirement Planning

The Retirement Planner is an online service that helps you see when you could retire and what lifestyle you could afford.

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.

Make informed decisions - Discover how much tax you might pay and sense-check the longer-term impact of accessing your pension early.

Support when you need it – you can plan at your own pace… but our friendly experts are always on hand to help.

Bitesize videos – to discover the basics of retirement planning.

It's free to register - you can create and compare as many retirement plans as you like.

Start your journey

Retirement Income Advice

If you want to put your retirement plan into action, you can come to us for regulated financial 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 help 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 digital team behind Destination Retirement have been developing market-leading financial technology and services to meet the needs of people in retirement.

How much does it cost?

It's free to use the Retirement Planner, and there's no fee payable to receive advice. If you decide to put your plan into action, then ongoing fees apply.

There's a total annual fee of up to 1.04% of the value of your invested assets. This is made up of:

Ongoing advice fee of 0.60% for providing ongoing reviews, advice and co-ordination of your plan's payment schedule.

Platform and administration charge of 0.30% (this falls to 0.20% for any amount above £250,000 per person), for the administration of and access to products and investments

Fund charge of 0.14% for managing your investments

If your plan includes a lifetime annuity, then there would also be a one-off annuity arrangement fee of 2% of the purchase price.

What would the fees look like in relation to my invested funds?

Here’s an example of the annual fees based on £50,000 of invested funds:

Ongoing advice fee at 0.60%	£300
Platform and administration charge at 0.30%	£150
Discretionary portfolio charge - 0.14%	£70
Example total annual ongoing service fee at 1.04% (0.60% + 0.30% + 0.14%)	£520

Your ongoing fees will depend on your individual circumstances and will not be more than 1.04% a year.

Other ad hoc transaction and servicing costs may apply.

Ongoing advice fee

The Retirement Income Advice service will manage your plan, manage your withdrawals, and conduct reviews with you at least once a year. This is to ensure that the advice is still appropriate for your circumstances and that your income plan still meets your needs.

The review will assess new and previously collected information and provide you with an updated recommendation. This review service is available to you at any time as part of the ongoing advice service.

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.

With Destination Retirement you can create a free personalised plan today. It will help clarify when you could 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.

Who are we?

Destination Retirement is a trading name of HUB Financial Solutions Ltd, part of Just Group. Just Group is a FTSE 250 company, trusted to manage over £27bn of customers' retirement savings.