A balanced approach to saving for retirement

This month more than eight million workers will be automatically enrolled in a pension scheme by their employer under new legislation. Once they are signed up, they can op out, however the Government hopes that most will stay signed up to the scheme, helping workers in saving for retirement.

There are some good arguments for paying into a pension scheme but they do have their downside. Pension schemes are inflexible with money locked in.

I think you need a more balanced approach to retirement than simply joining your company pension scheme. I recommend a mix of pensions and other types of security and flexibility.

Other types of investment offer distinct advantages which make them perfect for complimenting a pension. My chosen route for financial peace of mind is through investment in property. Bricks and mortar have long been seen as an attractive alternative investment to a pension.

I agree however that simply relying on the option of downsizing can leave yourself exposed, as often you are not able to release the amount of capital you require to live off indefinitely and leaving the home you raised a family in can be emotionally wrenching.

The strongest form of property investment I believe is buy-to-Let, where you buy not purely for capital growth, but for a steady monthly cash-flow. This allows you to utilise the tenant to pay down your mortgage for you, so you can end up with an unencumbered property in the future which brings a real retirement income into your household.

Unlike a Cash Isa investing in property allows you to take a monthly income without simply depleting the sum of money saved. Property represents a real asset, which can pump money into your pocket and does not cease it existence on your death, as you can pass the benefit it brings to your next generation.

Find out more about property as a pension. 

Gill Alton

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Gill Alton is the founder of Alton Property Partners, which provides a comprehensive and personal Property Portfolio Building Service for investors in the UK.

Alton Property Partners manage the entire investment process, from sourcing property at a discounted value, co-ordinating the Mortgage, arranging the refurbishment, right through to ensuring it is ready for the rental market.

The service is specifically aimed to support those who recognise the value of a UK investment portfolio, but lack the time, or knowledge to be able to invest for themselves because they are full time employees or Business Owners. With full consultation and comprehensive financial analysis, clients can be assured that their portfolio of strong yielding properties will be built to exacting standards and they will be kept up to date every step of the way.

Having been involved in property for 16 years Gill has built a personal portfolio for her family, and in addition to Alton Property Partners, runs a Property Mentoring Business, Venus Property Mentoring which focuses on supporting new investors onto the investing ladder. Having originally left the Corporate world to be a Qualified Mortgage Broker, Gill’s husband now focuses on their family Mortgage Brokerage in Maidenhead – Alton Mortgages.

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Alton Property Partners
6 Bramble Drive, Maidenhead BerkshireUKSL6 3NX United Kindom 
Gill@altonpropertypartners.co.uk •0845-095-5060

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