Average pension in York
Our research into the beautiful city of York and its surrounding areas has revealed that people there typically have:
- Have an average pension of £125,934
- Have a life expectancy of 79 years
- Should expect a pension shortfall of £27,723
Rainy days have an annoying habit of creeping up on us. Sudden illness or a broken boiler can spell disaster for your savings and financial goals. That’s where thinking ahead can pay off. If you’re keen to make the most of your hard-earned money, working with a financial consultant or adviser in York can help.
An adviser has the financial expertise to help you make your money work harder and by giving you peace of mind, by supporting you to:
- Take advantage of tax relief
- Make informed decisions on your investments and ensure you are maximising their potential
- Build a solid financial plan to achieve your short, medium and long-term goals; such a financial planning, retirement and inheritance tax planning.
- Avoid financial pitfalls and plan for rainy day
We can help you take the first step towards financial advice if you think working with an expert could benefit you. The adviser partners we work with have decades of knowledge and we can match you with the most qualified expert for your needs in seconds. Tell us the type of advice you need and your contact details, and we’ll do the rest!
Should I consider retiring to York?
Located just south of the stunning North York Moors, this famous Tudor city is a true jewel in the Yorkshire crown. Not only does it boast a diverse culture and striking architecture, but there are also centuries of history dating back to around 7000 BC to explore.
Stroll along the famous Shambles, watch the world go by in one of the many cafes, visit an exhibition or see enjoy a musical at Grand Opera House York.
There is an extensive list of things to see and do, as well as an array of food and drink spots to feast upon - some with spectacular views! Explore the National Railway Museum or catch a new exhibition at York Art Gallery before indulging in Keralan cuisine at Kalpakavadi.
If you find yourself in need of some relaxation, head to one of the many beautiful gardens, national parks or green spaces, or simply unwind in a luxury spa for the day.
The property market in York
The financial advice you need could come down to any combination of topics, but one of the most common threads of retirement planning is property value.
People in Yorkshire and the Humber have seen the average values of their homes increase by 15.8% year on year; they now sit at £194,518 on average across the whole region.
What this means is that there may be an opportunity for you as a York-based homeowner to release stored value that’s sitting right beneath you. With a qualified financial adviser by your side, you will be able to discuss every option available to you when it comes to equity release, tax allowances and more, so there’s no need to keep the burden of deciding what to do with your own retirement fund to yourself anymore.
Location
With it's central base in Yorkshire, York has is a renowned destination with plenty of transport links in and around the city. Explore the surrounding beauty of the Dales including the stunning national parks via road, bus or rail.
Leeds Bradford, Doncaster, Manchester and Newcastle airports offer many destinations to jet off to. And with great rail and bus links to and from surrounding cities, towns and counties, you’ll have plenty of options to explore further afield.
Well-being
The Sunday Times named York as the best places to live in 2021, and The Telegraph ranked it as one of the best cities to remain active in your retirement.
There are countless wellbeing activities to get stuck into such as arts and crafts clubs, walking groups, face-to-face mindfulness sessions, yoga and swimming to name a few. You will be sure to find something to suit you via organisations such as Live Well York and Mind York, many of which are free!
Amenities
York offers an abundance of restaurants, shops on top of a calendar of cultural events.
For those who regularly visit places of worship, there is also a diverse range of religious venues, spiritual organisations and community centres to become involved with.
Each month you will find a wealth of city-wide events and festivals to keep you entertained, such as the famous York Christmas Market or the city ghost tours.
Why getting financial advice is important
Rainy days have an annoying habit of creeping up on us. Sudden illness or a broken boiler can spell disaster for your savings and financial goals. That’s where thinking ahead can pay off. If you’re keen to make the most of your hard-earned money, working with a financial consultant or adviser in York, North Yorkshire can help.
An adviser has the financial expertise to help you make your money work harder, by supporting you to:
- Take advantage of tax relief
- Make informed decisions on your investments
- Build a solid plan to achieve your short, medium and long-term goals
- Avoid financial pitfalls and plan for rainy days
We can help you take the first step towards financial advice if you think working with an expert could benefit you. The adviser partners we work with have decades of knowledge and we can match you with the most qualified expert for your needs in seconds. Tell us the type of advice you need and your contact details, and we’ll do the rest!