Here you will be looking to replace your earned income with tax efficient income and drawings from your own asset base. This will be about taking an appropriate level of risk and ensuring that your money is being well managed - as now you may no longer be regularly saving, but instead taking from your savings and investments. It is even more important now to ensure that all your money is being well managed and invested, perhaps in line with a different appetite for risk, to ensure that your money is best placed to outlive you.

Here we will typically be looking at pension drawdown options, ensuring that your exiting pensions are capable of taking advantage of the flexibility and freedoms that legislative pension changes have brought - as well as tax efficient income generation from your wider asset base.